Announced Wed, 10 Jun, 2026 · 15:43 IST
CESTAT allows ICICI Lombard appeals, about Rs 2,282 crore tax demand set aside
ICICIGI · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-2.0%1-day move
₹1735.00
prior close
₹1732.20
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.2-0.6-0.7-0.2-2.0+0.3+3.2+3.6+6.1+7.4+2.3+3.1-5.5-15.9
Up moveDown movePending
AI summary
ICICI Lombard received favorable orders from CESTAT Mumbai for all its appeals against service tax demands totaling about Rs 2,282 crore including penalty for FY2008-09 to FY2014-15. The tribunal allowed the appeals in the company's favor, reducing the contingent liability to that extent. This follows an earlier intimation in January 2026 that the appeals had been allowed; copies of orders have now been received.
Likely market impact
Positive: combined tax demand of about Rs 2,282 crore including penalty set aside, easing contingent liability on the books.