Minda Corporation Limited (NSE: MINDACORP; BSE: 538962), a leading global player in the automotive component industry, has received a significant tax assessment order totaling over ₹670 million, according to a regulatory filing made on March 29, 2026,.
The company informed the National Stock Exchange and BSE that it received the order from the Office of the Assistant Commissioner of Income Tax, Central Circle-13, Delhi,. The assessment, conducted under Section 143(3) of the Income Tax Act, 1961, pertains to the Assessment Year 2023–24 (Financial Year 2022–23),.
The tax authority’s order follows certain additions and disallowances made to the income originally returned by the company. The total financial demand consists of:
- Principal Tax Demand & Adjustments: Part of the total ₹670,906,417 demand.
- Interest Component: ₹177,592,875.
- Total Demand: ₹670,906,417.
Minda Corporation has signaled its intent to fight the assessment. The company stated it is currently reviewing the order in depth alongside its tax and legal advisors. Based on those consultations, the management intends to contest the matter before the appropriate appellate authorities,.
In a move to reassure shareholders, Minda Corporation emphasized that this assessment order currently has no impact on the financial, operational, or other activities of the company.
Disclaimer: The information provided is for educational purposes only and does not constitute financial advice. We are not registered financial advisors. Please conduct your own research and consult a qualified advisor before making investment decisions. Any investment decisions you make based on this information are solely at your own risk.
