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An announcement from CRISIL Limited ( (IN:CRISIL) ) is now available.
CRISIL Limited has disclosed that it received an income tax assessment order for FY 2022-23 (AY 2023-24), in which the assessing officer has proposed certain disallowances under Section 143(3) read with Section 144B of the Income-tax Act. The order has resulted in a tax and interest demand of INR 148.99 crore, though the company has stated there is no immediate impact on its financials or operations and plans to appeal the order.
The disclosure, made under Regulation 30 of the SEBI Listing Regulations, signals a potential contingent liability that investors and other stakeholders will monitor as the dispute progresses through the appellate process. While CRISIL maintains that its core business activities remain unaffected in the near term, the outcome of the appeal could influence future tax outflows and may carry implications for its earnings profile depending on the final resolution.
More about CRISIL Limited
CRISIL Limited is a leading Indian provider of ratings, research, risk and policy advisory services for financial markets and corporates. The company operates in the financial services and analytics industry, offering credit ratings, data-driven insights and consulting solutions that support investment decisions and regulatory compliance across domestic and global markets.
Average Trading Volume: 7,476
Technical Sentiment Signal: Buy
Current Market Cap: 301.5B INR
Find detailed analytics on CRISIL stock on TipRanks’ Stock Analysis page.