Archive · 24 Jan 2026
Hitachi Energy India Faces ₹26 Crore Tax Demand
Hitachi Energy India has been asked to pay ₹26.07 crore in taxes for the year 2022-23.
This includes ₹16.40 crore in income tax and ₹9.67 crore in interest.
The company thinks this demand is not fair and will ask a higher authority, called the ITAT, to review it.
The tax demand is related to some money the company couldn't collect on time and some fees paid to its parent company.
The company believes it has followed all the rules and will fight this demand in court.
Hitachi Energy India received a total tax demand of ₹26.07 crore for AY 2022-23.
The demand includes ₹16.40 crore in income tax and ₹9.67 crore in interest.
The tax demand is related to alleged disallowances of interest on delayed receivables and group management fees.
The company considers the demand unjustified and plans to file an appeal with the ITAT.
The appeal process will seek a review of the tax demand by a higher authority.
- Who
- Hitachi Energy India
- What
- Faces a tax demand of ₹26.07 crore for AY 2022-23
- When
- Assessment Year 2022-23
- Where
- India
- Why
- Due to alleged disallowances of interest on delayed receivables and group management fees
- Company
- Hitachi Energy India
- Total Tax Demand
- ₹26.07 crore
- Income-Tax Component
- ₹16.40 crore
- Interest Component
- ₹9.67 crore
- Assessment Year
- 2022-23
- Appeal Authority
- Income-tax Appellate Tribunal (ITAT)