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Hitachi Energy India faces Rs 26-crore tax demand

Hitachi Energy India received a tax demand notice for Rs 26.07 crore for AY 2022–23, related to disallowances on interest and management fees, and plans to appeal to the ITAT. The company also reported strong Q2 results, with net profit rising to Rs 264 crore and revenue up 18 percent to Rs 1,832.5 crore

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Hitachi Energy India will file necessary appeal with the ITAT in the regards of the tax demand. Representational Pic

Hitachi Energy India will file necessary appeal with the ITAT in the regards of the tax demand. Representational Pic

Hitachi Energy India Limited said on Saturday that it has received a tax demand notice from the Income-tax Department for the assessment year 2022–23, asking the company to pay Rs 26.07 crore.  

This amount includes Rs 16.40 crore as income tax and Rs 9.67 crore as interest, according to the company’s exchange filing. The company said it received the order from the Assessment Unit on January 23, 2026, at around 3:39 pm.

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