Company receives ITAT order; issues majorly allowed in its favour, positive tax impact Rs. 130,000 million (approx)
ITAT order received for 8 years (F.Y.
By ScoutQuest · · 1 min read
- Positive tax impact (incl. interest)
- approx Rs. 130,000 million
- Reduction in interest component of contingent liability
- approx Rs. 63,000 million
- Years covered by ITAT order
- F.Y. 2013-14 to F.Y. 2019-20 & F.Y. 2021-22
What the company informed the exchanges
The company has received an Income Tax Appellate Tribunal (ITAT) order. The order relates to eight years — F.Y. 2013-14 to F.Y. 2019-20 and F.Y. 2021-22.
What the order covers
- The issues have been majorly allowed in favour of the company.
- The positive tax impact, including interest, is Rs. 130,000 million (approx).
- The company would be reducing primarily the interest component from the contingent liability to the tune of Rs. 63,000 million (approx).
- The company will file an application before the jurisdictional Assessing Officer to give effect to this order.
Simple terms
An ITAT order is a decision by an appellate tribunal in a tax dispute. A contingent liability is a possible obligation a company discloses but does not book as a confirmed liability — it would become payable only if a particular event occurs. Here the company says it will reduce, primarily, the interest part of that contingent liability by about Rs. 63,000 million. Separately, it describes the overall tax impact of the order, including interest, as positive and around Rs. 130,000 million.
Company's stated view on the financial effect
The company states that there is no major impact on financials, operations or other activities due to this ITAT order. The movement it describes is mainly in the interest component of the contingent liability, alongside the positive tax impact it has quantified.
What happens next
The company will file an application before the jurisdictional Assessing Officer to give effect to the order.
Also from Maruti Suzuki India
Maruti Suzuki India Ltd press release
24 Oct 2026
Analyst recommended adding to Maruti shares, citing its market leadership and the auto sector's continued strength
23 Oct 2026
Maruti Suzuki to hold Q2 FY2026-27 earnings call on 27 October 2026 at 5:45 p.m
21 Oct 2026
More numbers
- Positive tax impact including interestRs. 130,000 million (approx)
- Interest component to be reduced from contingent liabilityRs. 63,000 million (approx)
- Years covered by the ITAT ordereight years
Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.