04-Nov-2026 16:18:59

FDCGeneral news

FDC : RECEIVES TAX REFUND ORDER WORTH RS 14.20 CR

• CIT(A)-56 passed favourable order dated 29 September 2026 for AY 2016-17 • Assessing Officer order dated 29 October 2026, received 3 November 2026, gives effect to CIT(A) order and determines aggregate refund of ₹14.20 Cr • Appeal was filed against AO disallowance of publicity expenses and disallowance under section 14A • Interest income included in the refund will be credited to the Statement of Profit and Loss as income

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