Announced Wed, 15 Jul · 12:44 IST
Goa Carbon wins tax rectification, Rs 61.6 lakh refund due
Regulatory & Legal View source PDF
GOACARBON · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-6.9%1-day move
₹410.90
prior close
₹411.00
base price
In-mkt
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AI summary
Goa Carbon informed the exchanges about a Bombay High Court order in a writ petition for Income Tax Assessment Year 1994-95. The company had sought rectification of an erroneous order from 2011, and the Deputy Commissioner of Income Tax granted this on 6 July 2026. As a result, a refund of Rs 61,60,980 (about Rs 61.6 lakh) is now due to the company. The writ petition was withdrawn as the relief was achieved. The company is completing formalities to receive the refund.
Likely market impact
Positive - company wins a long-pending tax dispute and is owed a refund of about Rs 61.6 lakh. Small but favourable for shareholders.