Bearings Major Rolls into Tax Dispute: Timken India to Challenge ₹74.77 Cr Order

Authority involved: Income Tax Department, Assessment Unit&nbsp;&nbsp;
Assessment year: 2022&ndash;23&nbsp;&nbsp;
Disputed amount: ₹89.08 crore additional income assessed&nbsp;&nbsp;
Tax demand raised: ₹74.77 crore, including interest&nbsp;&nbsp;
Company stance: Order deemed flawed; appeal to be filed&nbsp;&nbsp;
Impact: No immediate financial implication anticipated&nbsp;&nbsp;

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Timken India Ltd has received an income tax order for AY 2022–23 under Sections 143(3), 144C(13), and 144B of the Income Tax Act, alleging transfer pricing adjustments in its distribution segment. The IT Department has raised a tax demand of ₹74.77 crore. The company plans to appeal the order.