Tata Steel Legal & Regulatory
Tata Steel received a favourable order from the Income Tax Appellate Tribunal for FY2009, reducing its contingent tax exposure by approximately Rs. 427 crore.
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Tata Steel received a favourable order from the Income Tax Appellate Tribunal for FY2009, reducing its contingent tax exposure by approximately Rs. 427 crore.
Tata Steel received a favourable tax order for FY2009, reducing its contingent tax liability by approximately ₹427 crore. This follows an earlier relief for FY2008.
Tata Steel obtained an interim order from the Calcutta High Court restraining JPC from utilizing the Rs. 2,970 crore deposited by the company pending appeal.
Tata Steel updated the exchange on a legal matter regarding SDF loans. The Calcutta High Court has directed that the disputed ₹2,970 crore shall not be utilized.
The Supreme Court issued notice to Tata Steel regarding Special Leave Petitions filed by the State of Odisha challenging a previous mining litigation judgment.
The Supreme Court quashed a Rs. 1,781.04 Crore tax demand and penalty against Tata Steel Ltd. The order sets aside prior GST notices and adjudicating orders.
Tata Steel received a hearing notice from the Supreme Court following Odisha State's appeal against a High Court order. The High Court had quashed mining demands totaling ₹4,313.62 Crore.
Tata Steel Limited received a stay order from the Revisional Authority against a ₹1,755.11 Crore mining demand. No coercive action will be taken during the proceedings.
Tata Steel reported that a tax litigation writ petition concerning a ₹25,185.51 crore loan waiver reassessment has been restored by the Bombay High Court.
Tata Steel's Dutch subsidiary, TSIJ, faces prosecution for alleged pollution at its IJmuiden plants. The company considers the criminal proceedings unjustified and will present a defence.
Tata Steel faces a GST department appeal seeking to reinstate a ₹368.72 Crore penalty. The company will contest the appeal, noting the matter remains sub judice.
Tata Steel is contesting a GST demand of ₹100.75 Crore. The matter is currently sub judice before the High Court of Jharkhand.
The Supreme Court granted a stay on proceedings regarding a ₹890.52 Crore GST demand against Tata Steel Limited. This legal update provides significant interim relief.