Nestle India Wins ₹101 Crore Tax Battle as Supreme Court Dismisses Appeals

• The Supreme Court of India dismissed income tax department appeals against Nestle India, providing relief in a ₹101.21 crore tax dispute.
• The case involved the disallowance of general licensing fees for financial years 1996-1998, 1999-2001, and 2004-2008.
• Income tax authorities had argued that the licensing fee payments were excessive and unreasonable.
• Nestle India had previously won the case up to the Delhi High Court level before the department appealed to the Supreme Court.
• The company clarified that no key management personnel, promoters, or persons in control were involved, and no settlement was made.

Why It Matters: Nestle India secured a major legal victory, ending a long-running ₹101 crore tax dispute.