DCM Shriram Faces High Court Appeal in Material Tax Litigation Related to Transfer Pricing Adjustment
DCM Shriram Limited is currently involved in a material tax litigation concerning an Income Tax matter for Assessment Year (AY) 2016-17, which involves transfer pricing adjustments. The dispute is before the Hon'ble High Court of Delhi following an appeal filed by the Principal Commissioner of Income Tax 1, New Delhi, against a prior decision.The litigation pertains to domestic transactions and was initially decided in favor of the Company by the Income Tax Appellate Tribunal (ITAT), Delhi, vide its order dated June 30, 2025. The tax appeal filed before the High Court relates to certain issues within this matter.
Key details regarding the ongoing tax dispute are as follows:
| Financial and Legal Details |
|---|
| Assessment Year (AY): AY 2016-17 (Financial Year 2015-16) |
| Nature of Dispute: Transfer pricing adjustment in specified domestic transactions. |
| Current Appeal Stage: The Principal Commissioner of Income Tax 1, New Delhi, has filed an appeal before the Hon'ble High Court of Delhi against the ITAT order. |
| Tax Effect Involved: Rs. 35.83 crore. |
The dispute is being heard by the High Court. It is noted that a related issue concerning the tax effect was previously decided in favor of the Company by the jurisdiction of the Delhi High Court for AY 2014-15 (FY 2013-14). The matter is presently listed for hearing before the Hon'ble High Court of Delhi.
DCMSHRIRAM Stock Price Movement
DCM Shriram Limited shares rallied on Friday, settling at ₹1053.70 after posting a 1.64% gain. The stock traded within a daily range of ₹1032.1 to ₹1059, with a volume of 47,364 shares recorded during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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