Tata Chemicals Ltd. Receives Refund of 55.72 Crore Following ITAT Order

Tata Chemicals Ltd. has received an Order from the Income-Tax Assessing Officer dated May 31, 2025, giving effect to the Income Tax Appellate Tribunal’s order dated November 10, 2023. The ITAT order ruled in favour of the Company, resulting in a refund of 55.72 crore, comprising of Tax amount of 31.27 crore and interest amount of 24.45 crore. This decision will lead to an interest income of 24.45 crore, a reversal of provision in P&L of 26.86 crore, and the removal of a contingent liability of 1.72 crore.