NSEPendency of Litigation(s)/dispute(s) or the outcome impacting the Company6d ago · 15 Jul 2026, 09:08 pm
Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
HCL Infosystems Limited · HCL-INSYS
✦ AI Summary▲ PositiveLitigation
HCL Infosystems Limited has informed the Exchange about the final dismissal of a Supreme Court case related to the taxability of a receipt from Hewlett Packard, resulting in a reduction of a tax demand of Rs. 14.90 crores.
Analysis Scores
Earnings Impact6/10
Growth Catalyst2/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk1/10
Liquidity Impact8/10
Market Sentiment7/10
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HCL Infosystems Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
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HCL-INSYS1_15072026210818_HCLI_Reg_30.pdf
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15th July 2026
The General Manager The Vice President
Department of Corporate Relations Listing Department
BSE Limited National Stock Exchange of India Limited
Phiroze Jeejeebhoy Towers Dalal Exchange Plaza, Bandra Kurla Complex
Street Fort, Mumbai 400001 Bandra (East), Mumbai 400051
Symbol: 500179 Symbol: HCL-INSYS
Subject: Intimation under Regulation 30 read with Para B of Part A of SEBI (Listing Obligations and
Disclosure Requirements) Regulations.
Dear Sir/Madam,
HCL Infosystems Limited (“the Company”) hereby informs that the Company had entered into a Joint Venture
Agreement (JV) with Hewlett Packard (HP) on 02.04.1991 for right to use the name of HP, license to
manufacture HP products with exclusive use of HP technology, use of HP patent/ copyright and access to HP’s
worldwide strategies in marketing, product introduction support and business planning. The above joint
venture agreement was terminated vide agreement dated 01.04.1997, pursuant to which the Company had
received a compensation from HP for an amount of Rs.60.80 crores during FY 1997-98.
The Company had treated the said receipt as a capital receipt at the time of filing the ITR for AY 1998-99 (FY
1997-98), not liable to tax. During income tax assessment proceedings, Assessing Officer (AO) considered the
said receipts as capital gain liable to tax and consequently raised a demand of Rs. 14.90 crores. The
Commissioner of Income Tax - Appeals, (First Appellate authority) also upheld the position taken by AO.
However, the Income Tax Appellate Tribunal and Delhi High Court held the same as capital receipt not liable to
tax. The Income Tax Department filed Special Leave Petition (SLP) before Supreme Court, against the order
of Delhi High Court, that has been finally dismissed by Supreme court vide order dated 13.07.2026 and the
Company received the same on 15.07.2026.
Pursuant to Para B of Part A of Schedule III of Regulation 30 of Securities and Exchange Board of India (Listing
Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular SEBI/HO/CFD/CFD-PoD-
1/P/CIR/2023/123 dated July 13, 2023 and SEBI master circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026
dated January 30,2026, the Company hereby informs about the details of Final Order received as per
Annexure-A.
Kindly take the same on your record.
For and on behalf of
HCL Infosystems Limited
Twinkle Monga
Company Secretary and Compliance Officer
Membership No: A-54882
Annexure-A
Brief details of litigation viz. name(s) of the opposing Petitioner: Commissioner of Income Tax
party, court/ tribunal/agency where litigation is Respondent: HCL Infosystems Ltd
filed, brief details of dispute/litigation. Appeal filed before: Hon’ble Supreme Court
Issue Involved: Nature of Receipt to determine
taxability
Expected financial implications, if any, due to Dismissal of Demand: Rs. 14.90 Crores
compensation, penalty etc.
Quantum of claims Rs. 14.90 Crores
the details of any change in the status and / or any The Income Tax Department filed Special Leave
development in relation to such proceedings Petition (SLP) before Supreme Court, against the order
of Delhi High Court, that has been finally dismissed by
Supreme court vide order dated 13.07.2026 and the
Company received the same on 15.07.2026.
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