IOCL gets partial relief in Rs 1,194.07 crore tax dispute

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IOC · price

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Price reactionminutes from the announcement price · days from the prior close

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prior close

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announcement price

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Nifty 100market · index membership as recorded later (tracked since Jun 2026)+0.6%+2.5% vs market

Refineries & Marketing peers, median of 11sector+2.9%+0.2% vs sector

On the reaction day the stock moved 2.5 pts more than Nifty 100 and 0.2 pts more than its Refineries & Marketing peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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AI summary

The income-tax appellate body partly allowed Indian Oil's appeal on 23 October 2025. It granted relief of Rs 1,102.91 crore against Rs 1,194.07 crore of disputed tax and interest for assessment year 2016-17. The company will contest the remaining Rs 91.16 crore before the Income-tax Appellate Tribunal.

Likely market impact

Positive: most disputed tax and interest was ruled in IOCL's favour, reducing tax exposure, though Rs 91.16 crore remains under appeal.