Crisil receives income tax assessment order for FY23 with ₹149 crore demand; to file appeal

Domestic rating agency Crisil Ltd on Tuesday (April 21) said it has received an income tax assessment order dated April 21, 2026, under Section 143(3) read with Section 144B of the Income-tax Act for the financial year 2022-23 (assessment year 2023-24), involving a tax and interest demand of ₹148.99 crore.

The order was issued by the Income Tax Authority and includes certain disallowances proposed by the assessing officer as part of the assessment process. The company said the assessment order pertains to its income tax return for FY23 (AY 2023-24), received in accordance with applicable provisions under the Income-tax Act.

Crisil stated that there is no immediate impact on its financial, operational, or other activities arising from the order. The company also said it intends to file an appeal against the assessment order. The company has informed the stock exchanges that the matter relates to proceedings under income tax assessment and will be pursued through the appellate process.

Shares of Crisil Ltd ended at ₹4,355.00, up by ₹20.55, or 0.47%, on the BSE.