ZF Commercial Vehicle Control Systems India Limited — Others, 19-10-2024: Action(s) taken or orders passed

ZF Commercial Vehicle Control Systems India Limited has received a demand notice from the Income Tax Department for ₹6.28 crore related to the assessment year 2021-22. The notice cites adjustments and disallowance of deductions. The company plans to appeal the assessment order, and management believes the demand is unsustainable, asserting it will not materially affect their financials or operations.