S Chand And Company Limited Receives ₹15.67 Crore Income Tax Refund
S Chand And Company Limited has received an income tax refund order dated December 31, 2025, for the assessment year 2018-19. The refund amount, including interest, totals ₹15.67 crore. This order was...
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Why is S Chand And Company Limited in the news today?
S Chand And Company Limited (SCHAND) is in the news due to the company has received a significant income tax refund, which is expected to positively impact its liquidity and profitability.
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S Chand And Company Limited Receives ₹15.67 Crore Income Tax Refund
December 31, 2025, 06:40 AM
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S Chand And Company Limited has received an income tax refund order dated December 31, 2025, for the assessment year 2018-19. The refund amount, including interest, totals ₹15.67 crore. This order was issued by the Deputy Commissioner of Income Tax, Government of India, under Section 170A of the Income Tax Act, 1961.
The company had previously filed a revised Income Tax return after the Hon’ble NCLT approved a Scheme of Arrangement on July 24, 2023, which was initially filed on January 09, 2018.
The refund is expected to improve the company's liquidity position by ₹15.67 crore. Additionally, the profitability will be enhanced by the interest component of ₹5.31 crore included in the refund.
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