LG Electronics India Share Price in Focus; Receives Draft Assessment Order for FY 2022-23 with ₹572.8 Crore Disallowances

LG Electronics India Limited has been issued a draft assessment order by the Income Tax Authority for the financial year 2022-23. This communication outlines disallowances amounting to ₹572.8 crore, with a significant portion related to transfer pricing. 

Details of the Draft Assessment Order 

On March 23, 2026, LG Electronics India received a draft assessment order dated March 22, 2026, under section 144C of the Income Tax Act, 1961. The order was issued by the Assessment Unit of the Income Tax Department of India. 

The draft assessment order specifies disallowances totalling ₹572.8 crore. Of this amount, ₹216.89 crore pertains to transfer pricing disallowances, which are covered under an Advance Pricing Agreement and are expected to become nil. 

Company's Response to the Assessment 

LG Electronics India has stated that it will file objections before the Dispute Resolution Panel regarding the draft assessment order. The company has clarified that there will be no financial or operational impact due to this order. 

Financial Implications and Compliance 

Despite the substantial disallowances mentioned in the draft assessment order, LG Electronics India has assured stakeholders that there will be no financial or operational repercussions for the company. The order does not identify any aberrations or non-compliances, nor does it impose any penalties or sanctions. 

Read More: PhysicsWallah Share Price in Focus; Receives Income Tax Demand Notice of ₹263.34 Crore for AY23–24! 

Next Steps for LG Electronics India 

The company plans to address the draft assessment order by filing its objections with the Dispute Resolution Panel. This step is part of the procedural response to such communications from the tax authorities. 

LG Electronics India Share Price Performance 

As of March 24, 2026, at 9:21 AM, LG Electronics India share price on NSE was trading at ₹1,479.20 down by 0.36% from the previous closing price. 

Conclusion 

LG Electronics India has received a draft assessment order for FY 2022-23, detailing disallowances of ₹572.8 crore. The company is set to challenge this order through the appropriate channels, ensuring compliance with regulatory requirements. 

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