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CyberTech Systems & Software receives refund of Rs 6.97 crore

Capital Market 

From Department

& Software announced that the Company has received Refund of Rs.6.97 crore on 28 November 2016 from the Department towards refund of penalty earlier paid by the Company.

This refund money includes Interest on Refund of to the tune of Rs. 1.85 crore.

In this connection, the above refund and the interest on refund is on account of interim relief which is subject to the pending order of the High Court while passing the Final Assessment Order.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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CyberTech Systems & Software receives refund of Rs 6.97 crore

From Income Tax Department

From Department

& Software announced that the Company has received Refund of Rs.6.97 crore on 28 November 2016 from the Department towards refund of penalty earlier paid by the Company.

This refund money includes Interest on Refund of to the tune of Rs. 1.85 crore.

In this connection, the above refund and the interest on refund is on account of interim relief which is subject to the pending order of the High Court while passing the Final Assessment Order.

Powered by Capital Market - Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22

CyberTech Systems & Software receives refund of Rs 6.97 crore

From Department

& Software announced that the Company has received Refund of Rs.6.97 crore on 28 November 2016 from the Department towards refund of penalty earlier paid by the Company.

This refund money includes Interest on Refund of to the tune of Rs. 1.85 crore.

In this connection, the above refund and the interest on refund is on account of interim relief which is subject to the pending order of the High Court while passing the Final Assessment Order.

Powered by Capital Market - Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22

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