Key Quantitative Figures

  • Original income tax demand raised by the Assessing Officer (AO): Rs. 249.27 Crore.
  • Additions made by the AO under appeal: Rs. 178.24 Crore.
  • Relief granted by the Income Tax Appellate Tribunal (ITAT): Rs. 172.82 Crore.
  • Matters referred back to the AO by the ITAT: Rs. 5.42 Crore.

Dates of Action

  • Date of original AO demand order u/s 143(3) r.w.s. 144C(13): 31st October 2025.
  • Date of ITAT order staying the demand: 13th February 2026.
  • Date of latest ITAT order (subject of this disclosure): Received by the company on 3rd July 2026 at 10:24 pm.
  • Date the order was brought to the notice of the compliance officer: 4th July 2026 at 12:57 pm.
  • Date of this disclosure letter: 4th July 2026.

Parties Involved

  • Listed Entity: DCM Shriram Limited.
  • Regulatory Body: Income Tax Appellate Tribunal (ITAT), Delhi.
  • Government Authority: Assessing Officer (AO).
  • Company Representative: Deepak Gupta, Company Secretary & Compliance Officer.

Purpose or Rationale

The disclosure is made to comply with SEBI LODR Regulations and to inform the exchanges of a material development in ongoing tax litigation for Assessment Year 2022-23.

Financial Impact

  • The ITAT order partially allows the company's appeal, resulting in a direct relief of Rs. 172.82 crore from the total additions of Rs. 178.24 crore.
  • Matters involving Rs. 5.42 crore have been referred back to the AO for correction.
  • The original demand of Rs. 249.27 crore, which was stayed by the ITAT, is now to be deleted by the AO following the tribunal's directions.
  • The ITAT also directed the AO to correct computational errors, including granting the correct set-off of brought forward MAT Credit.

Next Steps

The Company will file an application before the AO to pass an order giving effect to the directions of the ITAT and delete the demand of Rs. 249.27 crore.