LG Electronics India Ltd. has secured a major tax relief after the Income Tax Appellate Tribunal (ITAT), Delhi, deleted tax additions amounting to approximately Rs 1,305 crore across multiple assessment years.
In an exchange filing on Thursday, the company said it received the ITAT order covering FY15, FY17, FY18, FY20 and FY22 in relation to income tax assessments challenged by the company.
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According to the filing, the tribunal deleted all transfer pricing additions, taking into account the Advance Pricing Agreement (APA) signed by the company on January 5, 2026.
The ITAT also deleted corporate tax additions on merits, following its earlier rulings in similar matters involving the company.
LG Electronics India said the Assessing Officer is yet to issue the order giving effect to the ITAT ruling.
The company added that the order will have no adverse impact on its financials, operations or other business activities.
However, it noted that the Income Tax Department may prefer an appeal before the Hon'ble High Court on the corporate tax issues.
On the bourses around 11:45 am, LG Electronics shares were trading 1.15% lower at Rs 1,500.20 per share. By comparison, BSE Sensex was trading flat with a positive bias at 77,695 levels.
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