Escorts Kubota Limited announced that Taxation Tribunal, West Bengal, passed an order quashing the demand of INR 20.50 billion for the financial year 2015-16 and remanded the matter back to the assessing authority for passing fresh order. Name of the Opposing Party: Joint Commissioner of Commercial Taxes, West Bengal. Court/Tribunal/Agency, where litigation is filed: Taxation Tribunal, West Bengal.

Brief details of dispute/litigation: An order passed by Taxation Tribunal, quashing the demand of INR 20.50 billion for the financial year 2015-16 and remanded the matter back to the assessing authority for passing fresh order. Expected financial implication, if any, due to compensation, penalty etc.: The above demand of INR 20.50 billion has been quashed.