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ICICI Lombard's Tax Appeals Allowed, Totaling ₹2282.56 Million
ICICI Lombard General Insurance Company Limited
January 12, 2026, 05:49 PM
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ICICI Lombard General Insurance Company Limited has received favorable news regarding its tax litigations. The company was previously involved in appeals filed with the Central Excise and Service Tax Appellate Tribunal, Mumbai (CESTAT).
These appeals pertained to demands raised against the company for tax periods between FY2008-09 to FY2011-12, FY2013-14, and FY2014-15, aggregating to ₹1,095.68 Million (approximately $10.96 Million) including penalties. Additionally, a separate appeal concerned a demand of ₹1,186.88 Million (approximately $11.87 Million) including penalties for FY2011-12.
On January 12, 2026, at approximately 11:30 a.m. and 11:31 a.m., the company was intimated by its tax advisors and received e-mail communications from CESTAT, Mumbai, confirming that the appeals filed by ICICI Lombard have been allowed. The official orders for these appeals are awaited. This development is a significant positive outcome for the company, resolving substantial tax-related disputes.
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