Hitachi Energy Faces ₹26 Crore Tax Notice; Shares Under Pressure

• Hitachi Energy India received a ₹26.07 crore tax demand notice from the Income Tax Department for Assessment Year 2022-23.
• The notice, issued on January 23, 2026, includes ₹16.40 crore in income tax and ₹9.67 crore in interest.
• The company disputes the demand, citing it as arbitrary and not legally sustainable, and plans to appeal to the ITAT.
• Despite the tax notice, Hitachi Energy reported strong Q2 results with net profit quintupling to ₹264 crore and revenue up 18%.
• Shares of Hitachi Energy India closed down 2.12% on Friday and have fallen about 11% in January.

Why It Matters: Hitachi Energy India challenges a ₹26 crore tax notice amidst strong financial performance and declining share prices.