DCM Shriram Receives ₹35.83 Crore Tax Litigation Notice

Material Litigation Details

Opposing Party: Principal Commissioner of Income Tax-1, New Delhi

Jurisdiction: Hon'ble High Court of Delhi

Assessment Year: 2016-17 (Financial Year 2015-16)

Notice Receipt Date & Time: 19th June 2026 at approximately 12:30 p.m.

Brief Details of Dispute

The litigation involves transfer pricing adjustments concerning certain specified domestic transactions for AY 2016-17. The Income Tax Appellate Tribunal (ITAT), Delhi had previously decided this matter in favor of the Company through its order dated 30th June 2025.

The Principal Commissioner of Income Tax-1, New Delhi has now filed an appeal before the Delhi High Court challenging this favorable ITAT order on certain specific issues.

Financial Implications

Quantum of Claim: The appeal involves a tax effect of ₹35.83 crore.

Legal Context & Precedent

The Company states that the issue is covered in its favor by an order of the Delhi High Court for Assessment Year 2014-15 (Financial Year 2013-14).

Current Status

The matter is presently listed for hearing before the Hon'ble High Court of Delhi.