Stay updated with breaking news from Draft Assessment Order. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
But if the Dispute Resolution Panel (DRP) rules in favour of Maruti Suzuki, the issue could be resolved earlier, they added.
Leading carmaker Maruti Suzuki India Limited has received a Draft Assessment Order for Rs 2,159.70 crore from the Income Tax Authority, the company told the BSE on Tuesday.
Foreign institutional investors (FII) offloaded shares worth Rs 2,034.14 crore, while domestic institutional investors (DII) purchased Rs 1,361.02 crore worth of stocks on October 3, provisional data from the National Stock Exchange (NSE) showed.
Maruti Suzuki said that it planned to challenge the October 3 order and that business would not be affected by it.
Maruti Suzuki India will file its objections before the Dispute Resolution Panel.