Carraro India Limited — Others, 12-04-2025: Action(s) taken or orders passed

Carraro India Limited has announced a board meeting to address the Final Assessment Order received from the Income Tax Department, which includes a Notice of Demand. The company plans to file an appeal against tax adjustments amounting to ₹70.89 crore related to a transfer pricing assessment. Notably, adjustments in the Final Assessment Order have been settled downwards, with the demanded amount reduced to ₹24.33 crore. While the outcome of this appeal is pending, the company remains optimistic about achieving a favorable resolution, suggesting a potentially positive outlook for investors amid the current situation.