Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
GOODYEAR · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Goodyear India has received an order dated January 15, 2026, from the Income Tax Department under Section 144C(1) of the Income Tax Act, 1961, disallowing certain expenditures claimed for FY 2021-22 (Assessment Year 2022-23). The disallowed items include Regional Service Charge, Trademark fee, Business Support service charges, and Advertisement & sales promotion expense. The total disallowance is Rs 80.65 crore, with an estimated tax impact of Rs 30.31 crore (including interest but excluding penalty). The company considers these disallowances legally untenable and defendable on merits, and is in the process of filing an appeal before the Tribunal.
While the tax demand is contingent and the company plans to contest it, an adverse outcome in the appeal could result in a cash outflow of up to Rs 30.31 crore. In the near term, this development may create some uncertainty around the stock, but the company's stated confidence in defending the position limits the downside risk.