LG India Wins Income Tax Appeal, ITAT Deletes ₹1,305 Crore Additions
LG Electronics India Limited received a favorable order from the Income Tax Appellate Tribunal (ITAT) Delhi. The ITAT deleted additions of approximately ₹1,305 crore related to Transfer Pricing and Corporate Income Tax for multiple financial years. The decision was based on an Advance Pricing Agreement and prior ITAT orders.
While the order is favorable and deletes tax demands, there is a possibility of an appeal by the Income Tax Department, and the final 'Order Giving Effect' is yet to be issued, making the impact partially realized.
The ITAT order is favorable to the company, deleting significant tax additions and having no adverse financial impact.
LG Electronics India Limited (LGEIL) has received an order from the Income Tax Appellate Tribunal (ITAT) Delhi, concerning income tax matters for the financial years 2014-15, 2016-17, 2017-18, 2019-20, and 2021-22. The order, received on July 29, 2026, completely deleted additions related to Transfer Pricing and Corporate Income Tax amounting to approximately ₹1,305 crore.
The ITAT's decision to delete Transfer Pricing additions was based on the Advance Pricing Agreement (APA) signed by the company on January 5, 2026. Corporate Tax additions were deleted on merits, following earlier ITAT orders on similar matters.
The company stated that there is no adverse impact on its financial, operational, or other activities, as the ITAT decision is in its favor and deletes outstanding tax demands. However, the Income Tax Department may appeal the Corporate Tax issues in the Hon’ble High Court. The Assessing Officer is yet to issue the "Order Giving Effect to ITAT Order".
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