Regulatory1 Oct 2026 · Wed
TATASTEELTata Steel
Tata Steel tax tribunal order cuts its disclosed exposure by ₹427 crore
The Income Tax Appellate Tribunal allowed Tata Steel's claim for a ₹813.65 crore interest deduction for FY2008-09, reducing its disclosed tax exposure to ₹1,259 crore.
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- Sector
- Metals
What happened
- Tata Steel said the Income Tax Appellate Tribunal (ITAT) allowed its claim for an interest expenditure deduction of ₹813.65 crore for FY2008-09 under Section 36(1)(iii) of the Income Tax Act. The interest relates to loans taken to acquire the Corus Group.
- The order is dated 18 September 2026 and reached the company on 28 September.
- Tata Steel's disclosed tax exposure on the matter falls by about ₹427 crore, from ₹1,686 crore to ₹1,259 crore.
Why it matters
Good to know: The company's disclosure describes what the tribunal decided; it does not describe any tax paid back.
Key facts
- Financial year
- 2008-09
- Deduction allowed
- ₹813.65 crore
- Exposure after order
- ₹1,259 crore (from ₹1,686 crore)
- Order date
- 18 September 2026
Read the source
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