ITAT deletes about Rs 1,305 Crore tax additions for LG Electronics India
LGEINDIA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.6 pts less than Nifty Midcap 150 and 0.1 pts less than its Household Appliances peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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LG Electronics India received an ITAT Delhi order on July 29, 2026, covering income tax appeals for FY 2014-15, 2016-17, 2017-18, 2019-20, and 2021-22. The tribunal fully deleted transfer pricing and corporate income tax additions totaling about INR 1,305 Crores. Transfer pricing deletions follow the Advance Pricing Agreement signed on January 5, 2026; corporate tax deletions follow earlier ITAT orders on the same matters. There is no adverse impact on financials or operations. The Income Tax Department may still appeal the corporate tax issues in the High Court.
Positive for shareholders as Rs 1,305 Crore tax demand deleted; Income Tax Dept may appeal in High Court, keeping some risk open.