SRF Limited Receives Favorable Tax Litigation Update Worth ₹99 Crores
SRF Limited has disclosed a positive litigation update that could reduce its tax liability by approximately ₹99.00 crores. The case, heard at the Income Tax Appellate Tribunal (ITAT), involves a dispute with the Assistant Commissioner of Income Tax regarding the treatment of Carbon Emission Reduction Certificates as capital receipts for assessment years 2011-12 and 2013-14. This development was announced in compliance with SEBI regulations.

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SRF Limited has announced a favorable litigation update that could significantly reduce its tax liability by approximately ₹99.00 crores. The company disclosed this development under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Litigation Details
The case involves a dispute with the Assistant Commissioner of Income Tax, OSD, Range-10, New Delhi, and is being heard at the Income Tax Appellate Tribunal (ITAT). The core issue centers around the treatment of Carbon Emission Reduction Certificates (CERs) as capital receipts outside the purview of the Income Tax Act.
| Parameter | Details |
|---|---|
| Opposing Party | Assistant Commissioner of Income Tax, OSD, Range-10, New Delhi |
| Tribunal | ITAT |
| Assessment Years | 2011-12 and 2013-14 |
| Dispute Subject | Treatment of CERs as capital receipts |
Financial Impact
The litigation update brings positive financial implications for SRF Limited. The favorable outcome in this tax dispute is expected to result in a substantial reduction in the company's tax liability.
| Financial Impact | Amount |
|---|---|
| Expected Tax Liability Reduction | ₹99.00 crores |
| Quantum of Claims | ₹99.00 crores |
Regulatory Compliance
SRF Limited made this disclosure in accordance with SEBI regulations. The company received the litigation update and promptly informed the stock exchanges as required under the listing regulations.
The disclosure demonstrates the company's commitment to maintaining transparency with stakeholders regarding material developments that could impact its financial position. This favorable litigation outcome represents a significant positive development for SRF Limited's financial standing, potentially resulting in a ₹99.00 crores reduction in tax liability for assessment years 2011-12 and 2013-14.
Historical Stock Returns for SRF
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.21% | -1.18% | +5.05% | -5.15% | +36.35% | +178.69% |
















































