Goa Carbon Secures ₹61.6 Lakh Refund Post Bombay HC Order

Goa Carbon Limited has announced a significant development following a Bombay High Court order dated July 13, 2026. The order recorded the rectification of an earlier Income Tax order by the Deputy Commissioner of Income Tax, Circle-1(1), Panaji, and the subsequent withdrawal of a writ petition filed by the company. The rectification application, filed in May 2012, sought to correct an 'Order Giving Effect' from July 2011, citing failure to implement ITAT directions and erroneous levy of interest under Section 234D. As a consequence of the rectification, a refund of ₹61,60,980 has become due to the company. Goa Carbon is now completing formalities to obtain this refund.