Goa Carbon wins additional about Rs 1.20 crore tax refund for AY 2010-11
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Goa Carbon received a Rectification Order dated 10.07.2026 from the Income Tax Department for Assessment Year 2010-11. In November 2025, a refund of Rs 76.15 lakh was granted but statutory interest under Section 244A was denied. The company filed a grievance and later a writ petition before the Bombay High Court, Goa Bench. While the case was pending, the Deputy Commissioner of Income Tax passed the rectification order allowing additional interest, resulting in a further refund of about Rs 1.20 crore. The company is still evaluating whether the interest was correctly computed.
Favorable for the company: additional refund of about Rs 1.20 crore expected. Tax litigation still under review.