This order was issued by the Income Tax Authority and encompasses various disallowances proposed by the assessing officer during the assessment process. The company indicated that this assessment order is related to its income tax return for FY23 (AY 2023-24) and was issued according to the relevant provisions of the Income-tax Act.
Crisil further mentioned that the assessment order will not have an immediate effect on its financial, operational, or other activities. The company also plans to file an appeal against the assessment order. Additionally, it has informed the stock exchanges that this situation pertains to income tax assessment proceedings and will be addressed through the appellate process.
Crisil Ltd’s shares closed at ₹4,355.00, marking an increase of ₹20.55, or 0.47%, on the BSE.
(Edited by : Jomy Jos Pullokaran)
