MRF Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
MRF · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
MRF Limited has disclosed two income tax litigations as part of its quarterly governance filing for Q4 FY2026. First, for Assessment Year 2015-16, the company appealed to the Income Tax Appellate Tribunal (ITAT) against disallowance of claims involving Rs. 89.62 crores. The ITAT restored the remaining matters to the Assessing Officer, and the tax demand has been reduced to Nil. Second, for Assessment Year 2016-17, an appeal was filed with ITAT regarding disallowance of claims worth Rs. 92.46 crores. The ITAT allowed the company's appeal on major grounds, restoring remaining matters for fresh verification, and the tax demand has also been reduced to Nil. Both cases involve the Deputy Commissioner of Income-Tax, Central Circle 3(3), Chennai.
Both tax demands have been reduced to Nil following ITAT decisions, which is a positive development for MRF's financial position. No immediate financial liability or penalty has been imposed at this stage.