Carraro India Gets ₹2.73 Crore Tax Demand Relief, ₹5.26 Crore Refund
Carraro India received a tax demand relief of ₹2.73 Crore for AY 2011-12. The company will also receive a refund of ₹5.26 Crore, paid under protest earlier. This follows a Bombay High Court order in favor of the company.
The tax relief and refund directly impact the company's financials by reducing liabilities and increasing cash inflow, although it pertains to a past assessment year.
The company received a significant tax demand relief and is set to receive a substantial refund, which positively impacts its financial standing.
Carraro India Limited has received an Order Giving Effect (OGE) dated January 16, 2026, from the Principal Commissioner of Income-tax, Circle-1(1), Pune. This order, issued under the Income Tax Act, 1961, gives effect to a Bombay High Court order that allowed the company's writ petition.
The company has been granted relief from a tax demand for Assessment Year 2011-12, amounting to ₹2,73,68,742 (Rupees Two Crore Seventy-Three Lakh Sixty-Eight Thousand Seven Hundred Forty-Two). This relief will reduce the contingent liabilities by the same amount.
Furthermore, Carraro India will receive a tax refund of ₹5,26,00,000 (Rupees Five Crores Twenty-Six Lakh), which was paid under protest during the appeal process for the aforementioned assessment year. The OGE, with DIN & Document No. ITBA/GEA/S/91/2025-26/1084874057(1), was received on the Income Tax portal on January 16, 2026.
What to do with a filing like this
Carraro India Limited filed this with the NSE as a statutory disclosure, categorised under other regulatory filings. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Carraro India Limited. Read the original for the full detail.