India’s biggest automaker, Maruti Suzuki India Ltd., plans to object to a massive proposed tax adjustment it received from tax authorities, according to financial filings Tuesday.
The company said in a Tuesday filing that it received a draft assessment order for fiscal year 2022–23 proposing a 5,786 crore ($626.4 million) adjustment due to ""certain additions/disallowances” related to “the income disclosed by the Company in its Income Tax return.”
The document didn’t provide details about the proposed adjustment but said Maruti Suzuki would file its objections before the Dispute Resolution Panel.
- “There is no impact on financial, operation or other ...
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