Relief for MRF as two income tax demands aggregating to INR 1.82 bln dropped
This story was originally published at 18:04 IST on 11 May 2026
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--Income tax dept drops demand of INR 1.82 bln from MRF
MUMBAI – MRF Ltd. Monday said two demands against the company for income tax adding up to INR 1.82 billion by the deputy commissioner of income tax, Chennai, Tamil Nadu, have been reduced to zero following successful appeals to the Income Tax Appellate Tribunal against disallowance of claims by the company. The demands were related to the assessment years 2015-16 (Apr-Mar) and 2016-17, the company said in an exchange filing.
The appellate tribunal allowed MRF's appeals against disallowance of claims and restored the remaining matters to the assessing officer for fresh verification, according to the filing. Following the tribunal's decision, the cumulative tax demand has been reduced to nil, it said.
For the March quarter, MRF reported a net profit of INR 6.80 billion on a revenue of INR 79.08 billion. Monday, its closed 1.2% lower from Friday's close at INR 128,910 on the National Stock Exchange. End
Reported by Simran Rede
Edited by Rajeev Pai
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