Colgate-Palmolive (India) Limited Receives ₹267.64 Crore Tax Demand; Appeals Planned
Colgate-Palmolive (India) Limited has received an Assessment Order under the Income Tax Act, 1961, from the Income Tax Department, resulting in a demand of ₹267.64 Crore. The demand is primarily due t...
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Why is Colgate Palmolive (India) Limited in the news today?
Colgate Palmolive (India) Limited (COLPAL) is in the news due to the company has received a significant tax demand, which is a negative development.
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Colgate-Palmolive (India) Limited Receives ₹267.64 Crore Tax Demand; Appeals Planned
December 26, 2025, 06:35 AM
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Colgate-Palmolive (India) Limited has received an Assessment Order under the Income Tax Act, 1961, from the Income Tax Department, resulting in a demand of ₹267.64 Crore. The demand is primarily due to transfer pricing adjustments and disallowance of certain expenses for the Financial Year 2021-22 (Assessment Year 2022-23).
The company received the communication on December 24, 2025. Despite the demand, Colgate-Palmolive stated that there is no expected impact on its financials, operations, or other activities due to this order.
The company intends to file an appeal before the Income Tax Appellate Tribunal against the said order. The intimation to the stock exchanges is submitted on December 26, 2025, as December 25, 2025, was a public holiday.
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