Tax & Penalty28 May 2026, 10:49 pm
Company settles ₹79,838 lakhs tax disputes via Vivad Se Vishwas Scheme
AI Summary
The company has settled income tax litigations amounting to ₹79,838 lakhs by opting for the Direct Tax Vivad Se Vishwas Scheme, 2024. It has received Form 2 certificates from the Principal Commissioner of Income Tax for assessment years AY 2012-13, AY 2013-14, AY 2014-15, AY 2016-17, and AY 2018-19. While formal communication is awaited, details are visible on the Income Tax portal. This settlement will reduce the company's total accumulated brought forward losses by the same amount, with no expected incremental cash outflow or material impact on operations.
Key Highlights
- Settled ₹79,838 lakhs in income tax disputes.
- Utilized Direct Tax Vivad Se Vishwas Scheme, 2024.
- Received Form 2 certificates for five assessment years.
- No incremental cash outflow expected from settlement.
- Brought forward losses reduced by the settled amount.
Price Impact
More from 3IINFOTECH