Tata Chemicals Limited — Others, 03-06-2025: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
03-06-2025 | 08:04 pm
03-06-2025 | 08:04 pm
Tata Chemicals has received a ₹55.72 crore refund from the Income Tax Department following a favorable ITAT ruling. This includes ₹31.27 crore in tax and ₹24.45 crore as interest income. The company will recognize the interest as income, reverse a ₹26.86 crore provision, and remove a ₹1.72 crore contingent liability. This strengthens the company’s financials without affecting its operations.
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