MRF Limited has provided updates regarding two ongoing tax litigation cases for the quarter ended March 31, 2026. In both instances involving Assessment Years 2015-16 and 2016-17, the Income Tax Appellate Tribunal has ruled in favor of the company, allowing its appeal on major grounds. Consequently, the previously contested tax demands of Rs. 89.62 crore and Rs. 92.46 crore have been effectively reduced to Nil, pending further verification by the Assessing Officer.
Favorable Outcomes in Tax Disputes
MRF Limited has achieved significant legal milestones concerning its ongoing tax disputes with the Income Tax Authority. Following proceedings initiated in March 2024, the Income Tax Appellate Tribunal reviewed the company’s appeals regarding the disallowance of claims for the 2015-16 and 2016-17 assessment years.
Resolution Details
For the assessment year 2015-16, the company successfully contested an original claim amount of Rs. 89.62 crore. Similarly, for the 2016-17 assessment year, the appeal pertained to a demand of Rs. 92.46 crore.
In both cases, the Tribunal has allowed the company’s appeal on major grounds and remanded the remaining matters back to the Assessing Officer for fresh verification. As a direct result of these rulings, the tax liabilities in both instances have been reduced to Nil, representing a positive development for the company’s financial standing.
Source: BSE
