Announced Fri, 19 Jun · 21:48 IST
Income Tax department appeals against ITAT order in company's favour
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DCMSHRIRAM · price
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AI summary
DCM Shriram reports material tax litigation for AY 2016-17. ITAT Delhi had ruled in the company's favour on 30 June 2025 on transfer pricing adjustments for certain domestic transactions. The Principal Commissioner of Income Tax, New Delhi has now filed an appeal before the Delhi High Court against this order. Tax effect involved is Rs. 35.83 crore. The company notes this issue is already covered in its favour by a Delhi High Court order for AY 2014-15.
Likely market impact
Tax appeal filed against existing favourable ITAT order. Prior Delhi HC ruling on similar AY 2014-15 issue supports the company. Outcome pending.