Mahindra & Mahindra Limited — Others, 22-10-2024: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

Mahindra & Mahindra Ltd. updated on ongoing tax litigation, revealing that the High Court of Bombay has dismissed appeals from the Income Tax Department regarding disallowances for Assessment Year 2000-01. The dismissal was based on the disputed tax amounts being below the Rs. 2 crore threshold for appeal as per recent regulations. This outcome is favorable for the company, providing clarity on its tax position.