Details of Authority and Action
The company received an Intimation u/s 143(1) of the Income Tax Act, 1961 from the Income Tax Department for Assessment Year 2025-2026. This intimation granted a tax refund of ₹4,99,11,100 (₹4.99 crore).
Transaction Timeline
The intimation was received by the company on August 19, 2026. The actual refund amount of ₹4.99 crore was received in the company's bank account on August 18, 2026.
Financial Impact and Accounting Treatment
The tax refund received will be accounted for in the 'Tax Paid Assets' account in the company's balance sheet. The disclosure specifies that the impact is quantifiable in monetary terms as ₹4.99 crore.