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An announcement from Whirlpool Of India Limited ( (IN:WHIRLPOOL) ) is now available.
Whirlpool of India Limited has announced a favorable outcome in ongoing litigation regarding transfer pricing issues. The Supreme Court ruled in favor of the company concerning disallowances of advertising, marketing, and sales promotion expenses for the assessment year 2008-09, amounting to INR 1,514 crores. This decision is significant as it sets a precedent for similar disputes for subsequent years, potentially impacting the company’s financial obligations positively. The company continues to appeal other disallowances for different assessment years, indicating ongoing legal engagements that could influence its financial and operational strategies.
More about Whirlpool Of India Limited
Whirlpool of India Limited is a prominent player in the home appliance industry, focusing on manufacturing and marketing a wide range of products including refrigerators, washing machines, air conditioners, and kitchen appliances. The company is known for its strong brand presence and commitment to innovation in the Indian market.
YTD Price Performance: -45.59%
Average Trading Volume: 21,411
Current Market Cap: 125.3B INR
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