JTEKT India Receives INR 137.36M Tax Demand

JTEKT India received an Income Tax Assessment Order for FY 2022-23 creating a demand of INR 137.36 million.
The order includes additions/disallowances of INR 313.67 million against the company's returned income.
The company will file an appeal against the order and states there is no financial or operational impact.
A Show Cause Notice for penalty proceedings has also been received in connection with the assessment.