Colgate-Palmolive receives Rs 248.74 crore tax demand notice

Colgate-Palmolive India Ltd has received a tax demand notice of Rs 248.74 crore from the Income Tax Authority for the financial year 2020-21 due to transfer pricing issues. The company will appeal the order, which includes Rs 79.63 crore in interest, before the appellate tribunal. Financial operations remain unaffected.