3M India Limited has informed the Exchange about General Update on Tax Litigations
3MINDIA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
3M India has received the final settlement order (Form 4, dated 29 July 2025) from the Principal Commissioner of Income Tax, Bengaluru-2, for one of two tax disputes related to FY 2010-11 under the Direct Tax Vivad Se Vishwas Scheme, 2024. As a result of the settlement, the company is entitled to a refund of Rs 2.95 Crores. The company had previously opted for this government scheme to settle its open tax litigations spanning FY 2004-05 to FY 2013-14, and Form 2 certificates for both FY 2010-11 applications had already been shared with the exchanges. The company has confirmed that this settlement has no material impact on its operations or financial position.
This is a positive development for shareholders — 3M India will receive a Rs 2.95 Crore tax refund and closes one more legacy tax dispute, reducing future litigation risk with no negative impact on operations.