NSEGeneral Updates18 Jun 2026 · 18 Jun 2026, 10:28 pm
General Updates
Crisil Limited · CRISIL
✦ AI SummaryLitigation
Crisil Limited has received a favourable order from the Commissioner of Income Tax (Appeals) for Assessment Year 2014-15, related to Tax Deduction at Source (TDS) obligations on payments made to non-residents. The company expects to file for relief and anticipates a TDS demand of INR 40.23 Crores.
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Earnings Impact2/10
Growth Catalyst1/10
Governance Concern1/10
Regulatory Risk8/10
Balance Sheet Risk2/10
Liquidity Impact6/10
Market Sentiment5/10
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Please find enclosed intimation under Regulation 30 of SEBI LODR
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CRISIL_18062026222759_SignedBSENSE.pdf
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June 18, 2026
Listing Department National Stock Exchange of India Ltd.
BSE Limited Exchange Plaza, 5th floor
P J Towers Plot No. C/1, G Block
Dalal Street Bandra-Kurla Complex
Mumbai 400 001 Bandra (East), Mumbai 400 051
Dear Sirs,
Sub.: Disclosure under Regulation 30 of the SEBI (Listing obligations and Disclosure
Requirements), Regulations, 2015 (“SEBI Listing Regulations”)
Pursuant to Regulation 30 read with Schedule III of the SEBI Listing Regulations, we wish to inform you
that the Commissioner of Income Tax (Appeals) [CIT(A)] has passed a favourable order dated June 17,
2026, with respect to appeal filed against the TDS proceedings order u/s 201 for Assessment year 2014-15.
The details required as per SEBI Master Circular dated January 30, 2026 are enclosed as Annexure A.
Kindly take the same on record.
Yours faithfully,
For Crisil Limited
Minal Bhosale
Company Secretary & Head - Legal
ACS 12999
Encl.: a/a
Annexure A
Particulars Details
Name(s) of the opposing party, court/ a. Name of the Opposing Party – Income Tax
tribunal/agency where litigation is filed Department
b. Court/ tribunal/agency where litigation is filed -
Commissioner of Income Tax (Appeals), Mumbai
Brief details of dispute/litigation The Company has received a favourable order from the
Commissioner of Income Tax (Appeals) for AY 2014-15.
The litigation pertained to Tax Deduction at Source (TDS)
obligations on payments made to non-residents. The CIT(A)
has allowed the appeal, holding that the Company cannot be
treated as an assessee in default as the payments are not
liable to TDS provisions.
Expected financial implications, if any, There is no immediate impact on financial, operation or
due to compensation, penalty etc. other activities of the Company. The company will be filing
for Order giving effect with the Assessing Officer and relief
of TDS demand (including interest) of INR 40.23 Crores is
anticipated.
Quantum of claims, if any Not applicable.