NSEAction(s) taken or orders passed5d ago · 18 Sept 2026, 06:11 pm
Action(s) taken or orders passed
ZF Commercial Vehicle Control Systems India Limited · ZFCVINDIA
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ZF Commercial Vehicle Control Systems India Limited has received a favourable order from the Income Tax Appellate Tribunal (ITAT) in relation to an income tax dispute for the Assessment Year 2022-23, resulting in the tax demand of Rs. 1.17 crore being set aside.
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Growth Catalyst1/10
Governance Concern1/10
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Liquidity Impact8/10
Market Sentiment6/10
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ZF Commercial Vehicle Control Systems India Limited has informed the Exchange about Action(s) taken or orders passed
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Commercial Vehicle Solutions
ZF Group · ZF Commercial Vehicle Control Systems India Limited, Chennai 600058
Department Finance
From C V Kavviya
Phone +91 044-4224 2000
Email cv.kavviya@zf.com
Date September 18, 2026
The Manager
Listing Department
BSE Limited, Phiroze Jeejeebhoy Towers
Dalal Street, Mumbai 400 001 Scrip code: 533023
Listing Department
National Stock Exchange of India Ltd
Exchange Plaza, C-1, Block G
Bandra - Kurla Complex
Bandra (E), Mumbai 400 051 Trading Symbol: ZFCVINDIA
ISIN : INE342J01019
Dear Sir/Madam,
Sub: Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015 – Favourable Order received from the Income Tax
Appellate Tribunal (ITAT).
Ref: Stock Exchange intimation dated 22nd January 2026 regarding receipt of the
Assessment Order for AY 2022-23 from the Income Tax Department.
Pursuant to Regulation 30 read with Clause 20 of Para A of Part A of Schedule III of the
SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are pleased
to inform you that the Company has received a favourable order from the Hon’ble Income
Tax Appellate Tribunal (ITAT), Chennai Bench ‘D’ Bench, in relation to the income tax
dispute originated from a National Faceless Assessment Unit, Income Tax Department.
The Hon’ble ITAT has allowed the appeal filed by the Company and completely set aside the
tax demand of Rs. 1.17 crore previously upheld by the National Faceless Assessment Unit
for the Assessment Year 2022-23.
ZF Group
ZF Commercial Vehicle Control Systems India Limited
(Formerly known as WABCO INDIA Limited)
Plot No.3 (SP), Third Main Road,
Registered Office: Plot No.3 (SP), Third Main Road, Ambattur Industrial Estate,
Ambattur Industrial Estate, Chennai - 600058. India Chennai - 600058. India
CIN: L34103TN2004PLC054667 Phone: +91 44 4224 2000
Phone: +91 44 42242000. Fax: +91 44 42242009 Fax: +91 44 4224 2009
www.zf.com www.zf.com
In this regard, the details required under Regulation 30 of the SEBI LODR Regulations, read
with the Industry Standards on Regulation 30 disclosures issued by SEBI, are enclosed as
Annexure-1.
The Company hereby confirms that the information furnished in Annexure-1, pursuant to
Regulation 30(13) of the SEBI LODR Regulations, is true, correct, and complete to the best
of its knowledge and belief.
Please acknowledge the receipt of the letter.
Thanking you,
Yours sincerely,
For ZF Commercial Vehicle Control Systems India Limited
C V Kavviya
Company Secretary & Compliance Officer
ZF Group
ZF Commercial Vehicle Control Systems India Limited
(Formerly known as WABCO INDIA Limited)
Plot No.3 (SP), Third Main Road,
Registered Office: Plot No.3 (SP), Third Main Road, Ambattur Industrial Estate,
Ambattur Industrial Estate, Chennai - 600058. India Chennai - 600058. India
CIN: L34103TN2004PLC054667 Phone: +91 44 4224 2000
Phone: +91 44 42242000. Fax: +91 44 42242009 Fax: +91 44 4224 2009
www.zf.com www.zf.com
Annexure-1
Disclosure by ZF Commercial Vehicle Control Systems India Limited regarding receipt of communication
from regulatory, statutory, enforcement or judicial authority under the Securities and Exchange Board
of India (Listing Obligations and Disclosure Requirements) Regulations, 2015
[Regulation 30(13) – Disclosure of communication from regulatory, statutory, enforcement or judicial
authority]
S.No Particulars Details
1. Name of the listed company ZF Commercial Vehicle Control
Systems India Limited
2. Type of communication received Order received from the Hon’ble ITAT,
in person, on 18th September 2026
3. Date of receipt of communication September 18, 2026
• 4. Authority from whom communication received Income Tax Appellate Tribunal,
Chennai Bench (‘D’ Bench)
5. Brief summary of the material contents of the The Company has received a
communication received, including reasons for favourable order from the Income Tax
receipt of the communication Appellate Tribunal (ITAT), Chennai,
which has allowed its appeal and set-
aside the final assessment order for AY
2022-23 passed by National Faceless
Assessment Unit, Income Tax
Department, which had earlier raised a
tax demand of Rs. 1.17 crore primarily
on account of transfer pricing
adjustments and disallowance of
scientific research expenditure.
6. Period for which communication would be Assessment Year (AY) 2022-23
applicable, if stated
7. Expected financial implications on the listed Pursuant to the favourable ITAT order,
company, if any there is no material impact on the
financial position, operations, or other
activities of the Company.
8. Details of any aberrations/non-compliances Nil
identified by the authority in the communication
9. Details of any penalty or restriction or sanction Nil
imposed pursuant to the communication
10. Action(s) taken by listed company with respect to Nil
the communication
11. Any other relevant information Nil
ZF Group
ZF Commercial Vehicle Control Systems India Limited
(Formerly known as WABCO INDIA Limited)
Plot No.3 (SP), Third Main Road,
Registered Office: Plot No.3 (SP), Third Main Road, Ambattur Industrial Estate,
Ambattur Industrial Estate, Chennai - 600058. India Chennai - 600058. India
CIN: L34103TN2004PLC054667 Phone: +91 44 4224 2000
Phone: +91 44 42242000. Fax: +91 44 42242009 Fax: +91 44 4224 2009
www.zf.com www.zf.com