Hitachi Energy India Faces ₹26 Crore Tax Demand, Plans ITAT Appeal

• Hitachi Energy India received a tax demand of ₹26.07 crore from the Income-tax Department for Assessment Year 2022-23.
• The demand includes ₹16.40 crore in income-tax and ₹9.67 crore in interest, communicated on January 23, 2026.
• The company considers the demand arbitrary, unjustified, and unsustainable, citing alleged disallowances like interest on delayed receivables and group management fees.
• Hitachi Energy India plans to file an appeal with the Income-tax Appellate Tribunal (ITAT) within the stipulated timeline.
• Separately, the company reported a five-fold increase in net profit to ₹264 crore for Q2 FY26, with revenue up 18% and EBITDA more than doubled.

Why It Matters: Hitachi Energy India is challenging a ₹26 crore tax demand for AY 2022-23, while reporting strong Q2 FY26 results.