Crisil Limited Wins Favorable Tax Appeal, Anticipates ₹40.23 Crore TDS Demand Relief
Crisil Limited received a favourable order from the CIT(A) for AY 2014-15 regarding TDS proceedings. The company anticipates a relief of ₹40.23 Crore in TDS demand, including interest, as payments were deemed not liable for TDS. No immediate financial impact is expected.
The favourable tax order provides relief from a TDS demand of ₹40.23 Crore, which is a material financial benefit, although it does not have an immediate operational impact.
The company has received a favourable order in a tax appeal, which is expected to result in a significant relief in TDS demand.
Crisil Limited has announced a significant development in its tax litigation. The Commissioner of Income Tax (Appeals) [CIT(A)] has passed a favourable order dated June 17, 2026, concerning TDS proceedings for the Assessment Year 2014-15.
The litigation involved Tax Deduction at Source (TDS) obligations on payments made to non-residents. The CIT(A) ruled in favour of Crisil, determining that the company cannot be treated as an assessee in default as the payments were not liable to TDS provisions.
While there is no immediate impact on the company's financial or operational activities, Crisil anticipates relief of ₹40.23 Crores in TDS demand, including interest. The company will proceed with filing for the order giving effect with the Assessing Officer.
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Crisil Limited filed this with the NSE as a statutory disclosure, categorised under litigation updates. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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