Crisil gets favorable tax order, anticipates ₹40.23 Cr TDS relief

Crisil Ltd has received a favorable order from the Commissioner of Income Tax (Appeals) dated June 17, 2026, concerning an appeal against a TDS proceedings order for Assessment Year 2014-15. The dispute pertained to Tax Deduction at Source obligations on payments made to non-residents. The CIT(A) ruled that Crisil cannot be treated as an assessee in default, as the payments were not liable to TDS provisions. The company anticipates a relief of ₹40.23 Crores in TDS demand, including interest, upon filing the order with the Assessing Officer. There is no immediate impact on the company's financial, operational, or other activities.