FORCE MOTORS LTD has informed the Exchange about General Updates- Update on outcome of litigation.
FORCEMOT · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Force Motors had filed writ petitions before the Bombay High Court challenging re-assessment notices and orders it received under Section 148 of the Income-tax Act, 1961 for FY 2017-18 (AY 2018-19) and FY 2019-20 (AY 2020-21). In orders dated 7th July 2025 (uploaded on 10th July 2025), the High Court has set aside the impugned notices and all related proceedings/orders arising from them. This brings a favourable resolution to the tax dispute the company had flagged earlier on 5th May 2025. The specific financial impact or tax demand amount has not been disclosed in this filing.
Positive for shareholders — the quashing of the income tax re-assessment notices removes a pending tax uncertainty for these two assessment years, though the company has not disclosed the exact demand amount that has been set aside.