Tax & Penalty5 May 2026, 10:36 am
HCL Infosystems Receives ₹26.35 Cr VAT Refund
AI Summary
HCL Infosystems Ltd. has received a refund of ₹26.35 Crores from Value Added Tax (VAT) Authorities. The refund pertains to a pre-deposit related to the taxability of batteries sold with mobile phones in Rajasthan for the tax periods 2009-10 and 2011-12.
Key Highlights
- HCL Infosystems receives ₹26.35 Cr VAT refund.
- Refund from VAT Authorities relates to taxability of batteries.
- The tax period in question is 2009-10 and 2011-12.
- The matter pertains to sales in the State of Rajasthan.