DCM Shriram Receives ITAT Order in Tax Litigation Case
DCM Shriram Limited announced on March 19, 2026, that it received an order from the Income-tax Appellate Tribunal (ITAT) in New Delhi regarding assessment year 2021-22. The ITAT adjudicated on proceedings under Section 143(3) read with Section 144C(13).The tax effect involved in the order was 12.20 rupees, with a relief granted of 9.79 rupees, resulting in matters referred back to the Assessing Officer amounting to 2.41 rupees.
The company noted that the outcome has no material impact on its profit and loss. The update follows earlier communications dated October 26, 2024, and August 12, 2025, pertaining to the same tax litigation.
Regarding a separate matter involving unwarranted additions under Section 143(1) dated October 25, 2022, amounting to 238.02 crore rupees, the case was referred to the Assessing Officer for de novo adjudication.
There were no developments regarding litigation involving key management personnel or promoters. No settlements have occurred.
| Order Section | Tax Effect Involved (A) | Relief Granted (B) | Matters Referred back to AO (C = A - B) |
|---|---|---|---|
| Section 143(3) r.w.s. 144C (13) | 12.20 | (9.79) | 2.41 |
| Unwarranted additions u/s 143(1) (appealed separately) | 238.02 | N.A. | N.A. |
Source:
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.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Last edited by a moderator: