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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Growth Catalyst2/10
Governance Concern1/10
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Balance Sheet Risk1/10
Liquidity Impact8/10
Market Sentiment7/10

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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