Escorts Kubota Limited informed that Income Tax Appellate Tribunal, Delhi has passed an order dated May 31, 2024 (Received on June 28, 2024) pertaining to Assessment Year 2004-05. The brief outcome of the order is as follows: i. Allowed claim of INR 2,111 million and for remaining claim referred the matter back to the AO. Accordingly, the amount of tax impact involved in appeals filed by Escorts Kubota Limited (EKL) against the Income Tax Department is reduced by INR 633 million .

Dismissed the appeal of the Revenue. Accordingly, the amount of tax impact involved in appeals filed by the Income Tax Department against EKL is reduced by INR 273 million.