Legal24 Feb 2026, 03:59 pm
3M India Ltd Signs Advance Pricing Agreement with Central Board of Direct Taxes
AI Summary
3M India Ltd has signed and concluded an Advance Pricing Agreement (APA) with the Central Board of Direct Taxes (CBDT) on February 23, 2026. The agreement resolves certain ongoing transfer pricing related tax litigations for the financial years 2014-15 to 2022-23. The Company had filed an APA application on March 28, 2018, and accepted the terms of the draft APA. A tax expense of Rs.170.95 Crores has been recorded in the Profit and Loss Account of the Company as on December 31, 2025.
Key Highlights
- 3M India Ltd signs APA with Central Board of Direct Taxes
- APA resolves transfer pricing related tax litigations for financial years 2014-15 to 2022-23
- Company had filed APA application on March 28, 2018
- Tax expense of Rs.170.95 Crores recorded in Profit and Loss Account as on December 31, 2025