ZF Commercial Vehicle Control Systems India Limited has informed the Exchange about Action(s) taken or orders passed
ZFCVINDIA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
ZF Commercial Vehicle Control Systems India received an order from the Commissioner of Income Tax (Appeals), Chennai dated May 19, 2025. The original dispute involved the Assessing Officer disallowing payments of about ₹75.07 lakh to a Belgium-based entity for non-deduction of tax at source. Instead of pursuing the appeal, the company opted for the government's Direct Tax Vivad Se Vishwas (DTVSV) Scheme 2024 and paid only ₹9.11 lakh to settle the matter fully. The CIT(A) formally dismissed the company's appeal since it had chosen the settlement route. The company has stated this order has no material impact on its financials, operations, or activities.
This is a minor, routine tax settlement with negligible financial impact (₹9.11 lakh paid versus an original demand of ₹75 lakh, due to the DTVSV discount). Shareholders are unlikely to see any meaningful effect on earnings or stock price.