BSECompany Update1d ago · 4 Sept 2026, 03:02 pm
The Hon''ble Delhi Income Tax Tribunal vide its Order dated 03.09.2026 disposed off the appeals filed by the Company and has allowed the claim of the Company for the deduction under Section ....
ZF Steering Gear India Ltd-$ · 505163
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ZF Steering Gear India Ltd has received a favorable order from the Hon'ble Delhi Income Tax Tribunal, allowing the company to claim deductions under Sections 80-IA and 80-IB of the Income-tax Act, 1961 for Assessment Years 1995-96 to 2004-05. This will result in income-tax refunds and applicable interest for the company.
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Full Announcement
ZF Steering Gear India Ltd-$ - 505163 - Significant Developments In Ongoing Litigation - Order Passed By The Hon'Ble Delhi Income Tax Tribunal Allowing Deduction Under Sections 80-IA And 80-IB Of The Income-Tax Act, 1961
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September 04, 2026
BSE Limited,
25th Floor, P. J. Towers,
Dalal Street, Fort,
Mumbai- 400 001.
Subject: Intimation under Regulation 30 of the SEBI (LODR) Regulations, 2015.
- Significant developments in ongoing litigation - Order passed by the Hon’ble
Delhi Income Tax Tribunal allowing deduction under Sections 80-IA and 80-IB
of the Income-tax Act, 1961
BSE scrip code: 505163
Dear Sir,
As reported earlier and in continuation of our intimation dated 30.03.2026, we wish to inform
you that the Hon’ble Delhi Income Tax Tribunal vide its Order dated 03.09.2026 (as uploaded
on Tribunal’s website) has disposed of the appeals [ITA No. 4374 to 4383/DEL/2026] filed by
the Company against the orders passed by the CIT(A)-28, Delhi dated 27.03.2026 and has
thereby allowed the claim of the Company, for deduction under Sections 80-IA and 80-IB of
the Income-tax Act, 1961 for Assessment Years (AY) 1995–96 to AY 2004–05 covering a
period of 10 years.
It may be noted that during the original assessment proceedings, the Company had already
discharged the entire tax demand arising on account of disallowances of claim of deduction u/s
80-IA and 80-IB of the Income-tax Act, prior to filing appeals before the Hon’ble Tribunal.
Accordingly, pursuant to the aforesaid Order of the Tribunal, upon the Assessing Officer
passing consequential orders giving effect to the Order passed by the Hon’ble Delhi Tribunal
dated 03.09.2026, the Company would become entitled to receive income-tax refunds, together
with applicable interest thereon. The Company is in a process of filing necessary applications
for all the 10 years, before the Assessing Officer to pass necessary consequential orders for
each AY separately, giving effect to the Hon’ble Delhi Income Tax Tribunal Order.
Page 1 of 3
Additional Information, as prescribed under the Schedule III to the SEBI (LODR) Regulations,
2015 read with SEBI Master Circular dated January 30, 2026, is enclosed as Annexure to this
disclosure.
This is for your information and record.
for ZF Steering Gear (India) Limited
Satish Mehta
Company Secretary & Compliance Officer
Membership No. F3219
Page 2 of 3
Annexure
Additional Information, as per SEBI Master Circular dated January 30, 2026, for
Significant developments in ongoing litigation.
Particulars Details
The details of any change in the status Development in relation to such proceedings;
and / or any development in relation to The Hon’ble Delhi Income Tax Tribunal vide its
such proceedings; Order dated 03.09.2026 (as uploaded on Tribunal’s
website) has disposed of the appeals [ITA No.
4374 to 4383/DEL/2026] filed by the Company
against the Orders passed by the CIT(A)-28, Delhi
dated 27.03.2026 and has thereby allowed the
claim of the Company, for deduction under
Sections 80-IA and 80-IB of the Income-tax Act,
1961 for Assessment Years (AY) 1995–96 to AY
2004–05 covering a period of 10 years.
In the case of litigation against key N.A.
management personnel or its promoter
or ultimate person in control, regularly
provide details of any change in the
status and / or any development in
relation to such proceedings;
In the event of settlement of the N.A.
proceedings, details of such settlement
including - terms of the settlement,
compensation/penalty paid (if any) and
impact of such settlement on the
financial position of the listed entity.
Page 3 of 3