Carraro India receives ₹27.87 crore tax relief and ₹5.30 crore refund from Income-tax Appeals
The cumulative tax relief of ₹27.87 crore and a refund of ₹5.30 crore will substantially reduce contingent liabilities and improve the company's liquidity, indicating a high financial impact.
The company received favorable appellate orders, resulting in a significant tax relief of ₹27.87 crore and an additional tax refund of ₹5.30 crore, which is a positive financial outcome.
* Carraro India Limited announced the receipt of appellate orders from the Commissioner of Income-tax (Appeals), Pune – 13, on 22nd and 23rd August 2025. * The orders relate to Assessment Years 2009-10, 2010-11, and 2016-17. * The CIT(A) allowed the appeals filed by the company, granting relief from tax demands raised by lower tax authorities. * The cumulative relief from tax demands amounts to ₹27,87,82,661 (Rupees Twenty-Seven Crore Eighty-Seven Lakh Eighty-Two Thousand Six Hundred Sixty-One). * This relief will lead to a reduction in the company's contingent liabilities by the same amount. * Additionally, the company is set to receive a tax refund of ₹5,30,00,000 (Rupees Five Crore Thirty Lakh), which was paid under protest during the appeal process.
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Carraro India Limited filed this with the NSE as a statutory disclosure, categorised under regulatory filings. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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