DCM Shriram Limited Wins Tax Litigation, ITAT Grants Relief of ₹172.82 Crore
DCM Shriram Limited received a favorable order from ITAT, New Delhi, for AY 2022-23. The tribunal granted relief of ₹172.82 Crore and directed correction of computational errors, including MAT credit set-off. This order is expected to lead to the deletion of a ₹249.27 Crore demand.
The outcome of this tax litigation provides financial relief and resolves a significant demand, which has a positive but not transformative impact on the company's overall financial standing.
The company has received a favorable order from the ITAT, which has granted significant tax relief and directed corrections that are expected to nullify a substantial demand.
DCM Shriram Limited has received an order from the Income-tax Appellate Tribunal (ITAT), New Delhi, dated 3rd July 2026, concerning tax litigation for AY 2022-23 (FY 2021-22).
The ITAT has granted significant relief, with the tax effect of the relief amounting to ₹172.82 Crore. The tax effect of additions made by the Assessing Officer (AO) was ₹178.24 Crore, and matters referred back to the AO amount to ₹5.42 Crore (A-B).
The ITAT has also directed the AO to correct computational errors, including granting the correct set-off of the brought-forward MAT Credit. Previously, the AO had raised a demand of ₹249.27 Crore via an order dated 31st October 2025, which was stayed by the ITAT on 13th February 2026.
DCM Shriram Limited will now file an application with the AO to implement the ITAT's directions and cancel the demand of ₹249.27 Crore.
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DCM Shriram 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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