CRISIL faces ₹121 crore tax demand, to challenge reassessment order

• CRISIL Limited received a reassessment order from the Income Tax Authority for AY 2017–18.
• The demand amounts to ₹121.20 crore, related to FY 2016–17 and income from merged subsidiaries.
• CRISIL states subsidiaries' income was already consolidated and offered to tax.
• Assessing Officer acknowledged no income escapement but made incorrect tax computations and unwarranted adjustments.
• CRISIL will file a rectification application and appeal; no immediate financial or operational impact.

Key Questions Answered

Why did the Income Tax Authority issue a ₹121 crore demand to CRISIL?

The Income Tax Authority issued a ₹121 crore demand to CRISIL due to incorrect tax computations.

How did CRISIL's Q4 2025 net profit compare to the previous year?

CRISIL's net profit for the quarter ending March 2025 was ₹159.84 Crore. The provided sources detail CRISIL's quarterly net profit figures, showing ₹159.

What was the reason for the alleged incorrect tax computation by the AO?

The provided sources do not specify the exact reason for an alleged incorrect tax computation by an Assessing Officer (AO).