Tax tribunal extends stay on Xiaomi India's Rs 10,833 crore tax demand
The Income Tax Appellate Tribunal has extended its stay on a Rs 10,833.22 crore tax demand against Xiaomi Technology India for 180 days or until appeal disposal. Hearing on the pending appeals is set for September 21, 2026, giving the smartphone maker temporary relief.
The Income Tax Appellate Tribunal extended the stay on a Rs 10,833 crore tax demand against Xiaomi Technology India for 180 days or until appeal disposal, fixing September 21, 2026 for hearing pending appeals.
Why this matters
The tax relief comes as Xiaomi India reshuffles leadership, swapping its India GM for South Asia chief Alexander Tang to regain smartphone share amid a market where affordable phones fell 46% in the weakest quarter in years.
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