Tata Steel Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
TATASTEEL · price
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On the reaction day the stock moved 4.2 pts less than Nifty 100 and 0.5 pts less than its Iron & Steel peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Tata Steel received an income tax assessment order on March 31, 2025, increasing its taxable income for FY 2018-19 (AY 2019-20) by ₹25,185.51 crore — the amount of debt that was waived when it acquired Bhushan Steel (now Tata Steel BSL) through the IBC resolution process in 2018. The company had already filed a writ petition with the Bombay High Court on March 24, 2025, challenging the tax authority's right to reassess, and plans to pursue further legal remedies on the merits. Tata Steel argues that under the Income Tax Act, a debt waiver arising from an IBC acquisition should not be treated as taxable income, and says it believes it has a strong case. The original income tax return for FY 2018-19 was accepted without any demand in June 2020, and the reassessment is now being contested.
If the order is upheld, the additional tax liability could be material, though the exact amount is still being computed and the company is confident of winning the legal challenge. In the near term, the stock may see some pressure due to the large notional exposure, but the company's strong legal position and history of favorable rulings on IBC-related debt waivers should limit lasting damage.