Bosch Limited receives refund order for Rs. 116.38 crores

Bosch Limited has received a refund order under Section 254 of the Income Tax Act, 1961 from the Deputy Commissioner of Income Tax, Government of India for the assessment year 2013- 14 during the quarter ended March 31, 2024. As per the order the Company expects a refund of INR 116.38 crores (including interest). The Company is in the process of evaluating the implications of the order on the financial statements for the quarter and year ending March 31, 2024.

Shares of Bosch Limited was last trading in BSE at Rs. 30046.25 as compared to the previous close of Rs. 30352.10. The total number of shares traded during the day was 1499 in over 791 trades.

The stock hit an intraday high of Rs. 30611.00 and intraday low of 29720.05. The net turnover during the day was Rs. 45083752.00.

Source : Equity Bulls

Keywords

Bosch INE323A01026 ITRefundOrder