ITAT grants major relief to DCM Shriram in Rs 249 cr tax dispute

DCM Shriram won big relief from ITAT Delhi in a tax dispute for AY 2022-23 (FY 2021-22). The Assessing Officer had raised a demand of Rs 249.27 crore, which ITAT had earlier stayed on 13 February 2026. ITAT has now granted relief of Rs 172.82 crore against additions of Rs 178.24 crore, leaving only about Rs 5.42 crore referred back to the AO. ITAT also directed the AO to fix computational errors and allow correct set off of brought forward MAT credit. The company will now file an application to give effect to the order and delete the demand.