Mindtree receives temporary reprieve in ₹88 crore tax dispute

LTIMindtree Ltd, an Indian IT solutions company, has obtained an interim stay from the Karnataka High Court regarding a tax dispute. The company had filed a writ case on December 9, 2024, challenging the denial of a zero-rated supply benefit and the recovery of an input tax credit allegedly issued in error. The tax authorities demanded ₹87.9 Crore, including tax and penalty, plus interest from April 2018 to January 2023. LTIMindtree is confident about the outcome, based on preliminary evaluations and legal assistance, and does not expect the dispute to have a significant financial impact on the company. The matter is ongoing, with the next hearing to determine future developments.