Maruti Suzuki stated that the tax demand is at a draft stage and will not affect its financial, operational or other business activities.Maruti Suzuki India on Tuesday said it received a Draft Assessment Order from the Income Tax Authority proposing additions and disallowances amounting to ₹5,786 crore for the financial year 2022–23.
In a regulatory filing, the automaker said the proposed adjustments relate to the income disclosed in its tax return and that it will file objections before the Dispute Resolution Panel (DRP) in accordance with due process.
“The company has received a Draft Assessment Order for FY 2022–23 wherein certain additions/disallowances amounting to ₹5,786 crore with respect to returned income have been proposed,” it said.
The company stated that the tax demand is at a draft stage and will not affect its financial, operational or other business activities.
The draft assessment order is part of standard tax proceedings, where companies can present their case before the final assessment. The matter will now move to the DRP for resolution.
