Tax & Penalty10 April 2026 at 12:31 pm
RSWM to receive ₹24.97 Cr income tax refund
AI Summary
RSWM Ltd has received appeal effect orders from the income tax department, confirming total refunds (including interest) amounting to ₹12.73 crore for Assessment Year 2011-12 and ₹12.24 crore for Assessment Year 2013-14. This follows the Hon'ble ITAT, Jodhpur dismissing appeals filed by the revenue. The total receivable refund for the company is ₹24.97 crore. The company has stated that this development will have no impact on its operations.
Key Highlights
- RSWM Ltd is set to receive a total income tax refund of ₹24.97 crore.
- The refund includes ₹12.73 crore for AY 2011-12 and ₹12.24 crore for AY 2013-14.
- The orders were issued after ITAT Jodhpur dismissed revenue's appeals.
- The company's operations will not be impacted by this development.
RSWMOther Textile Products
RSWM LTD.Price Impact