3M India settles tax dispute, secures refund for FY2008-09
3M India Limited announced on October 11, 2025, that it has received a Certificate in Form 2 from the Principal Commissioner of Income Tax, Bengaluru – 2, for the financial year (FY) 2008-09. This follows the company's decision to participate in the "Direct Tax Vivad Se Vishwas Scheme, 2024," designed to settle tax disputes.
The company had previously opted for this scheme to resolve various open tax litigations spanning from FY 2004-05 to FY 2013-14. As a result of the accepted application for FY 2008-09, and after adjusting for amounts already paid against tax arrears, a tax refund of INR 2.28 Crores is due to 3M India.
Form 2s for other financial years within the dispute period (FY 2004-05, 2006-07, 2007-08, 2009-10, 2010-11, 2011-12, 2012-13 & 2013-14) were received earlier. The company stated that the settlement for FY 2008-09 has no material impact on its operations or activities.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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