Income Tax Tribunal order in Maruti's favour, about Rs 130,000 million relief
MARUTI · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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Maruti Suzuki received an Income Tax Appellate Tribunal order for eight years (FY 2013-14 to FY 2019-20 and FY 2021-22). Issues were majorly allowed in favour of the company, giving a positive tax impact of about Rs 130,000 million including interest. The company will reduce the interest component from contingent liability by about Rs 63,000 million. No major impact on financials, operations or other activities.
Positive - reduces contingent liability by about Rs 63,000 million; positive tax impact of about Rs 130,000 million