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Colgate Palmolive gets Rs 170 crore transfer pricing order from Income Tax authorities

31 Oct 2023 Evaluate

Colgate Palmolive (India) has received a Rs 170 crore Transfer Pricing Order from Income Tax authorities disallowing 'certain' international transactions. The Transfer Pricing Order is for the financial year 2021-22. Transfer Pricing refers to the pricing of cross-border transactions between two related entities. The company will take this before the 'Dispute Resolution Panel' and is awaiting completion of the assessment proceedings.

The company is awaiting completion of the Draft Assessment proceedings and post the same, an application will be made before the Dispute Resolution Panel (DRP). The Assessing Authority has disallowed certain international transactions of the company

There is no impact on the financial, operation or other activities of the company due to this Transfer Pricing Order. The Dispute Resolution Panel is an Alternative Dispute Resolution (ADR) mechanism for resolving disputes related to Transfer Pricing in international transactions.

Colgate Palmolive (India) has trusted brands for dental care, personal care, home care and professional oral care. The company is the fastest growing and one of the oldest companies catering to the personal care products.

Colgate Palmol. (I) Share Price

2106.20 128.10 (6.48%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Hindustan Unilever 2241.10
Godrej Consumer Prod 1108.20
Dabur India 442.10
Colgate Palmol. (I) 2106.20
P&G Hygiene 10006.55
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