RITES Ltd.RITESImprovingMinormateriality 55 out of 100
RITES wins ₹38.30 crore tax-demand relief for FY20
Regulatorytax demand
As filed
RITES Limited has informed the Exchange regarding 'Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015'.
Why it matters
CapitSignal interpretationThe appellate order removes further tax, interest and penalty liability under the cited FY 2019-20 demand, subject to applicable law. It also provides relief of ₹38,30,49,704 from the disputed demand.