LG Electronics India gets ITAT relief as Delhi tribunal deletes ₹1,305 crore tax additions
Delhi ITAT has struck down transfer-pricing and corporate-tax additions of about ₹1,305 crore relating to FY15–FY22. LG said the order will not adversely affect operations or financials, though tax authorities may still appeal parts of the corporate-tax ruling.
Delhi ITAT deleted about Rs 1,305 crore of transfer-pricing and corporate-tax additions for LG Electronics India across FY15-FY22. The company said the ruling will not adversely affect operations or financials, though tax authorities may appeal corporate-tax issues.
Why this matters
The order extends LG Electronics India’s run of tax relief after its ₹117 crore GST demand was dropped. It comes as LG reports muted FY26 margins while targeting 2 million AC sales in CY26 despite 10–12% price hikes.
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