ZF Steering Gear India Wins Income Tax Tribunal Appeals

ZF Steering Gear India Ltd has received a favorable order from the Hon'ble Delhi Income Tax Tribunal, dated September 3, 2026. The tribunal has allowed the company's appeals (ITA No. 4374 to 4383/DEL/2026) concerning deductions under Sections 80-IA and 80-IB of the Income-tax Act, 1961, for Assessment Years 1995-96 to 2004-05. Although the company had already paid the disputed tax demand, this ruling entitles them to receive income-tax refunds with applicable interest upon the Assessing Officer passing consequential orders. The company is initiating the process to file necessary applications for all 10 assessment years.