FMCG major Hindustan Unilever Limited (HUL) on Friday (October 31) disclosed that it received an assessment order, along with a notice of demand of ₹1,986.25 crore under Section 156 of the Act. The communication, dated October 30, 2025, was issued by the Assistant Commissioner of Income Tax, Central Circle 5(2), Mumbai.

The assessment order pertains to the financial year 2020-21 (Assessment Year 2021-22) and involves transfer pricing adjustments, including disallowance of payments to related parties and challenges to corporate tax depreciation claims.

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HUL clarified that the order is not expected to have any material impact on the company’s financials, operations, or other activities. The company intend

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