SML Isuzu Limited — Others, 27-12-2024: Action(s) initiated or orders passed

SML Isuzu has received a Show Cause Notice from the Income Tax Department concerning the Transfer Pricing for AY 2022-23 (FY 2021-22). The notice indicates a re-computation of the Profit Level Indicator (PLI) related to international transactions, raising the amount from Rs. 16,085 Cr to Rs. 16,940 Cr. However, the company expects no significant impact on its financial or operational activities as a result of this notice. This development may trigger cautious sentiment among investors, but the overall outlook remains stable given the lack of substantial repercussions.