DIC India Limited has informed the Exchange about update on tax litigation for which disclosure was made on July 25, 2025
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Awaiting price reaction for this filing.
DIC India has won a tax dispute at the Kolkata High Court. The Income Tax department had challenged a favorable order from ITAT that gave the company relief on royalty expenses and transfer pricing adjustments for assessment year 2014-15. The High Court rejected the tax department's appeal, which had been filed with a delay of about 2 years. The order in the company's favor was received on August 25, 2025. This is a positive development as it upholds the tax relief previously granted to DIC India by the ITAT.
Positive for shareholders — the unfavorable tax demand on royalty expenses and transfer pricing for AY 2014-15 does not stand, protecting the company's financial position on this matter. No penalty or payment is required from DIC India based on this outcome.