3IINFOLTD · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
3i Infotech Ltd has received Certificate in Form 2 from the Principal Commissioner of Income Tax under the Direct Tax Vivad Se Vishwas Scheme, 2024 for five assessment years (AY 2012-13 to AY 2018-19). The total disputed additions/disallowances amount to Rs. 79,838 lakhs (approximately Rs. 798 crore). This settlement will reduce the company's accumulated brought forward losses by the same amount. The company clarified that no formal communication from the Income Tax Department has been received yet, but details are reflecting on the Income Tax portal as of May 27, 2026. The settlement is not expected to result in any incremental cash outflow for the company.
Positive for shareholders as the company is resolving legacy tax disputes without cash outflow, reducing accumulated losses and bringing greater clarity to its financial position.