3M India Settles FY12 Tax Disputes Under Vivad Se Vishwas Scheme
3M India Limited has settled tax disputes for FY 2011-12 and FY 2012-13 through the Vivad Se Vishwas Scheme. For FY 2011-12, the company paid Rs 1.94 crore, while for FY 2012-13, it paid Rs 6.96 crore. The company received final settlement orders from the Principal Commissioner of Income Tax, Bengaluru-2. 3M India states that these settlements have no material impact on its operations or activities.

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3M India Limited , a diversified technology company, has successfully resolved its tax disputes for the fiscal year 2011-12 (FY12) through the government's Vivad Se Vishwas Scheme. The company recently received a final settlement order from the Principal Commissioner of Income Tax, Bengaluru-2, marking the conclusion of its tax-related matters for that fiscal year.
Settlement Details
The settlement was achieved under the Direct Tax Vivad Se Vishwas Scheme, 2024, which was introduced by the Finance (No. 2) Act, 2024 to resolve pending tax disputes. 3M India had opted to settle open tax litigations for the period from FY 2004-05 to FY 2013-14 through this scheme.
For FY 2011-12 specifically, the company had filed two separate applications to settle distinct tax disputes. The Principal Commissioner of Income Tax had previously accepted both applications and issued Certificates in Form 2. The latest development involves the receipt of the final order in Form 4, dated August 26, 2025, for the second application related to FY 2011-12.
Financial Implications
According to the disclosure made by 3M India to the stock exchanges:
- The aggregate tax amount determined under the Scheme for the second application for FY 2011-12 was Rs 1.94 crore.
- This amount has already been paid by the company.
- 3M India has stated that this settlement has no material impact on the company's operations or activities.
Additional Settlement for FY 2012-13
In a separate but related development, 3M India also received a final settlement order for its tax disputes pertaining to FY 2012-13 on the same date. The details of this settlement include:
- An aggregate tax amount of Rs 6.96 crore for FY 2012-13, which has also been paid.
- Similar to the FY 2011-12 settlement, this resolution is reported to have no material impact on the company's operations.
Company's Stance
3M India's decision to participate in the Vivad Se Vishwas Scheme demonstrates the company's commitment to resolving long-standing tax issues and ensuring compliance with Indian tax laws. By settling these disputes, the company aims to reduce its legal and financial uncertainties related to past tax matters.
The resolution of these tax disputes under the Vivad Se Vishwas Scheme is expected to provide clarity on 3M India's tax position for the concerned fiscal years and potentially streamline its tax compliance processes going forward.
Investors and stakeholders may view this development positively, as it indicates the company's proactive approach to addressing and resolving regulatory matters.
Historical Stock Returns for 3M India
1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
---|---|---|---|---|---|
+0.94% | +0.69% | -0.50% | +16.97% | -12.52% | +51.79% |