ITAT Disposes AY 2011-12 Tax Cross-Appeals, Grants Relief on 80-IA and Transfer Pricing

ITAT Mumbai, vide order dated September 25, 2026, disposed of cross-appeals for AY 2011-12, granting the company relief on the section 80-IA deduction for its National Long Distance undertaking and certain Transfer Pricing matters.

Sat 26 Sep 2026

ITAT Order Date

September 25, 2026

Assessment Year

AY 2011-12

Relief Granted On

section 80-IA deduction for National Long Distance undertaking and Transfer Pricing matters

Tribunal

ITAT Mumbai

Status

Some items subject to consequential verification and recomputation by Assessing Officer

What happened

The Income Tax Appellate Tribunal, Mumbai disposed of the cross-appeals shared by the company and the Income-tax Department for Assessment Year 2011-12, by order dated September 25, 2026. This follows the company's earlier disclosure dated August 14, 2023 and subsequent updates given in Quarterly Integrated updates (Governance).

Issues involved

• Disallowance of the claim for deduction under section 80-IA of the Income-tax Act, 1961 in respect of the National Long Distance undertaking.
• Certain Transfer Pricing adjustments and other tax matters.

Outcome

The ITAT granted relief to the company on various matters, including the section 80-IA claim and certain Transfer Pricing and other tax matters. Certain matters are subject to consequential verification and recomputation by the Assessing Officer.

What it means for investors

The matter was decided by a tribunal order, not settled between the parties. Because some items go back to the Assessing Officer for recomputation, the final numbers are still to be worked out. The company has said it is evaluating the order, including the consequential tax impact and further course of action, if any.

The disclosure was made under Regulation 30 of the SEBI Listing Regulations and will also be placed on the company's website.

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.