Tax & Penalty30 Oct 2026, 07:30 pm
Rallis India: Income Tax Demand of ₹408 Cr Dropped, Refund ₹8.31 Cr Issued
AI Summary
Rallis India Ltd has announced that the Income Tax demand of ₹408 crore for Assessment Year 2022-23, issued by the National Faceless Assessment Centre, has been dropped. This follows a give effect order received on October 30, 2026, implementing an order from the Hon'ble High Court, Bombay. Consequently, the company will receive a refund of ₹8.31 crore, which includes ₹1.79 crore in interest income. This development relates to earlier intimations made on March 28, 2024, April 24, 2024, and July 10, 2024. The company has made this information available on its website.
Key Highlights
- Income Tax demand of ₹408 crore for AY 2022-23 has been dropped.
- Company to receive a refund of ₹8.31 crore, including interest.
- Order follows High Court ruling and subsequent give effect order.
- Disclosure made as per SEBI Listing Regulations.
Price Impact
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