Kokuyo Camlin received an income tax assessment order under Section 147/143(3) read with Section 144B for AY 2018–19.
The IT Department alleged discrepancies in trade creditor balances, raising a total demand of ₹1,62,96,90,500 (approx. ₹162.97 crore) including interest.
The company views the order as erroneous and plans to file a rectification application, followed by an appeal if unresolved; no material financial impact expected.