Nature of the Disclosure

This is a regulatory filing submitted by ZF Commercial Vehicle Control Systems India Limited to BSE Limited (Scrip Code: 533023) and National Stock Exchange of India Ltd (Trading Symbol: ZFCVINDIA) under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure intimates the receipt of a favorable order from the Income Tax Appellate Tribunal (ITAT).

Key Quantitative Figures

The favorable ITAT order completely sets aside a tax demand of ₹1.17 crore that was previously upheld by the National Faceless Assessment Unit, Income Tax Department for Assessment Year 2022-23.

Dates of Action

  • Date of ITAT Order Receipt: September 18, 2026
  • Assessment Year: 2022-23
  • Reference to Previous Intimation: January 22, 2026 (regarding receipt of Assessment Order)

Parties Involved

  • Regulatory Authority: Income Tax Appellate Tribunal (ITAT), Chennai Bench 'D' Bench
  • Originating Authority: National Faceless Assessment Unit, Income Tax Department
  • Company Representative: C V Kavviya, Company Secretary & Compliance Officer

Purpose and Rationale

The disclosure is made pursuant to Regulation 30 read with Clause 20 of Para A of Part A of Schedule III of the SEBI LODR Regulations, 2015, requiring listed companies to intimate material events to stock exchanges.

Financial Impact

As explicitly stated in the disclosure: "Pursuant to the favourable ITAT order, there is no material impact on the financial position, operations, or other activities of the Company."

Nature of Dispute

The tax demand of ₹1.17 crore was primarily on account of transfer pricing adjustments and disallowance of scientific research expenditure for Assessment Year 2022-23.

Additional Details from Annexure-1

  • Type of Communication: Order received from Hon'ble ITAT in person
  • Authority: Income Tax Appellate Tribunal, Chennai Bench ('D' Bench)
  • Period Applicable: Assessment Year 2022-23
  • Aberrations/Non-compliances: Nil
  • Penalty/Restriction/Sanction: Nil
  • Actions Taken: Nil
  • Other Relevant Information: Nil

Company Confirmation

The company confirms that the information furnished in Annexure-1, pursuant to Regulation 30(13) of the SEBI LODR Regulations, is true, correct, and complete to the best of its knowledge and belief.

#Tags: #ZFCommercialVehicle #ITAT #TaxDispute #SEBIDisclosure #RegulatoryCompliance #Neutral