DCM Shriram Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
DCMSHRIRAM · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.8 pts more than Nifty Smallcap 250 and 1.2 pts more than its Diversified peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
DCM Shriram has received a favorable order from the Income-tax Appellate Tribunal (ITAT), New Delhi dated June 30, 2025, on tax disputes spanning four assessment years (2015-16, 2016-17, 2018-19, and 2020-21). The ITAT granted total relief of approximately Rs. 333.64 crore against the total tax demand of Rs. 377.10 crore across these years. For AY 2015-16 and AY 2016-17, the company received full relief of Rs. 36.62 crore and Rs. 36.48 crore respectively. For AY 2018-19, relief of Rs. 58.83 crore was granted with Rs. 19.48 crore referred back to the Assessing Officer, and for AY 2020-21, relief of Rs. 201.71 crore was granted with Rs. 23.98 crore referred back. The company clarified that this order has no material impact on the profit and loss statement, as provisions were likely already made. Additionally, ITAT admitted the company's ground for revised/enhanced deduction under Section 80IA of the Income-tax Act for AY 2016-17, 2018-19, and 2020-21, directing the Assessing Officer to verify the enhanced claims.
This is a positive outcome for shareholders as the company has secured substantial tax relief, though it will not flow through to the profit and loss account. The ongoing verification of enhanced 80IA deductions could potentially yield additional future tax benefits if accepted by the AO.