Gurugram, India – Indus Towers Limited, a leading telecom tower company in India, has secured a favorable order from the Income Tax Appellate Tribunal (ITAT). The ITAT has ruled in favor of the company on several key tax matters, including depreciation on assets received under a merger, disallowance of provisions for expenses, and amortization of ARO.

This positive outcome is expected to result in a significant reduction of approximately Rs. 35,000 million in the company’s contingent liability. The favorable order highlights Indus Towers’ strong financial position and its compliance with tax laws and regulations.