Hitachi Energy India received a total tax demand of ₹26.07 crore for AY 2022-23, comprising ₹16.40 crore as income-tax and ₹9.67 crore as interest, 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 Income-tax Appellate Tribunal (ITAT).
