ZF Steering Gear (India) Ltd ZF Steering Gear received a favorable order from the Hon'ble Delhi Income Tax Tribunal regarding long-pending tax deduction appeals. The tribunal allowed the company's claim for deductions under Sections 80-IA and 80-IB of the Income-tax Act, 1961.

The order, dated September 3, 2026, covers assessment years from 1995-96 to 2004-05, spanning a period of 10 years. The tribunal disposed of appeals ITA No. 4374 to 4383/DEL/2026, which were filed against orders passed by the CIT(A)-28, Delhi on March 27, 2026.

What the Numbers Show

The financial implication of this legal victory is significant for the company's cash position. The source confirms that ZF Steering Gear had already discharged the entire tax demand arising from the disallowance of these deduction claims prior to filing the appeals. Consequently, the tribunal's order entitles the company to receive income-tax refunds along with applicable interest for all 10 years involved.

Next Steps

The company is currently in the process of filing necessary applications before the Assessing Officer. These applications seek consequential orders for each assessment year separately, giving effect to the tribunal's decision. Once the Assessing Officer passes these orders, the refund process will commence.

This development follows an earlier intimation by the company dated March 30, 2026. The disclosure was made under Regulation 30 of the SEBI (LODR) Regulations, 2015, as a significant development in ongoing litigation.

ZF Steering Gear subsidiary DriveSys Systems Private Limited acquired additional land for its Aluminium Project expansion in Maharashtra.

The wholly owned subsidiary secured Plot No. E-10, measuring approximately 25,882 sq. mtrs., at the Supa Parner Industrial Park in Supa, Taluka Parner, District Ahilyanagar.

The acquisition follows a communication from the Maharashtra Industrial Development Corporation (MIDC) dated September 2, 2026. ZF Steering Gear disclosed the transaction on September 3, 2026, pursuant to SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Project Expansion Details

The additional land is adjacent to the existing project site. The company stated that the acquisition will facilitate the proposed expansion and development of the Aluminium Project.

It provides additional space for proposed manufacturing facilities and related infrastructure. This move follows an earlier communication on July 24, 2026, regarding a revision in the project cost for the same initiative.