MRF Limited announced on May 11, 2026, that the Income Tax Appellate Tribunal (ITAT) has ruled in its favor regarding significant tax litigations for the assessment years 2015-16 and 2016-17. Following the Tribunal's orders, the outstanding tax demands against the company for these periods have been reduced to nil.
In its rulings, the ITAT allowed the company's appeals on major grounds. The Tribunal has restored the remaining contested matters to the Assessing Officer for fresh verification.
The first dispute, initiated on March 15, 2024, concerned the disallowance of claims for the 2015-16 assessment year involving an amount of Rs 89.62 crore. The second litigation, initiated on March 26, 2024, related to similar disallowances for the 2016-17 assessment year involving Rs 92.46 crore. Both appeals were filed by the company against the Income Tax Authority, specifically the Deputy Commissioner of Income Tax, Central Circle 3(3), Chennai.