News Topical, Digital Desk : Maruti Suzuki India Limited, the country's largest automaker, has received a demand notice from the Income Tax Department for ₹5,786 crore. This notice was issued for the financial year 2022-23 (FY22-23) and requires the company to deposit additional taxes.
However, the company has stated that it neither accepts nor agrees with this notice. Therefore, it will take legal action against it. It is believed that the company will soon file a petition challenging this decision of the Income Tax Department of India.
What's next?
According to Maruti Suzuki, this tax demand is related to certain calculations and assessments, with which the company disagrees. The company will now appeal against this notice. The final decision in the case will be made only after the legal process.
The company has received relief before.
Maruti Suzuki is the market leader in passenger cars in India and a subsidiary of Suzuki Motor Corporation, Japan. The company has performed well in recent months – sales increased in December 2025 and demand for small cars increased. However, such a tax demand may cause some nervousness in the stock market, although the company has clarified that there will be no impact on business. The company has previously won appeals in several tax cases, such as receiving favorable orders from the ITAT in cases related to previous years. This case will also go through a lengthy legal process, where the company hopes to obtain relief in the appeal. This news is impacting Maruti Suzuki's stock, which some reports showed a decline. Investors are closely monitoring this update. Currently, the company's focus is on expanding production and adding new capacity.
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