Income Tax tribunal orders ₹13,000-crore tax relief to Maruti Suzuki
The Income Tax Appellate Tribunal ruled in favor of Maruti Suzuki, granting a tax relief of approximately ₹13,000 crore for the financial years FY2013-14 to FY2019-20 and FY2021-22. This decision is anticipated to positively impact the company's tax obligations and reduce its contingent liabilities. Maruti Suzuki will likely benefit from this ruling in its upcoming financial reports.