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Polycab India Faces ₹327 Crore Tax Demand for AY25; Plans Rectification and Appeal
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Polycab India slapped with ₹327 Cr tax demand; firm to challenge, cites errors
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CNBC TV18
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04-03-2026, 16:39
Polycab India slapped with ₹327 Cr tax demand; firm to challenge, cites errors
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Polycab India received an income tax demand of ₹327.45 crore for Assessment Year 2024-25 (FY 2023-24).
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The demand stems from an assessment order by the Office of the Deputy Commissioner of Income Tax, Mumbai, including ₹41.87 crore in disallowances.
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The company believes the demand is due to computational or clerical errors and will seek rectification and file an appeal.
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Polycab asserts the tax demand is not sustainable in law and expects no material impact on its financial position or operations.
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Shares of Polycab India Ltd closed down 3.20% on BSE following the news.
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