HCL Infosystems Limited Receives INR 26.35 Crores Refund from Rajasthan VAT Authorities
HCL Infosystems Limited has received a substantial refund of INR 26.35 Crores from the Value Added Tax (VAT) Authorities. The refund pertains to a pre-deposit amount related to the taxability of batteries sold in composite packs bundled with mobile phones within the State of Rajasthan.The refund successfully concluded the financial matter covering tax periods 2009-10 and 2011-12. The funds were received from the VAT Authorities regarding the specific operational concern of batteries sold in composite packs along with mobile phones.
HCL-INSYS Stock Price Movement
Shares of HCL Infosystems Limited are edging higher to ₹12.22 as of 10:42 AM today, gaining 0.58% in live trading. The stock trades robustly amid 122,599 shares traded, maintaining a strong support level above the day's low of ₹12.18.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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