DCM Shriram Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
DCMSHRIRAM · price
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DCM Shriram has informed exchanges about an Income Tax Appellate Tribunal (ITAT) order dated March 18, 2026 for Assessment Year 2021-22. The order covered proceedings under Section 143(3) read with Section 144C(13) involving a tax effect of Rs. 12.20 crore. ITAT granted relief of Rs. 9.79 crore, while referring back matters worth Rs. 2.41 crore to the Assessing Officer for fresh adjudication. The company has stated the order has no material impact on its profit and loss. This follows an earlier ITAT order from July 2025 that had already referred Rs. 238.02 crore of additions (tax effect Rs. 83.17 crore) back to the Assessing Officer for de novo review.
The ruling is broadly favorable for DCM Shriram as it got relief on about 80% of the disputed tax amount, and the company has confirmed no material P&L impact. Shareholders should view this as a routine tax litigation update with limited financial consequences.