Quess Corp Ltd Receives Tax Refunds for Financial Years 2021-22 and 2022-23
Quess Corp Ltd announced receipt of tax refunds from the Joint Commissioner of Income Tax (OSD), Central Circle -2(1), Bengaluru. The orders, passed under Section 154 of the Income Tax Act, 1961, cover refunds for the Financial Years 2021-22 and 2022-23.The Company received two orders granting refunds of Rs. 39.58 Crore for the Financial Year 2021-22 and Rs. 24.23 Crore for the Financial Year 2022-23.
The refunds were granted via an Order under Section 154 of the Income Tax Act, 1961, dated March 11, 2026, which was received by the Company on April 08, 2026.
The details regarding these tax refunds are summarized below:
| Financial Year | Refund Amount |
|---|---|
| 2021-22 | Rs. 39.58 Crore |
| 2022-23 | Rs. 24.23 Crore |
In both instances, the nature of the action taken was granting a balance refund, and the details listed for violations were Not Applicable. The Company stated there is no impact on its financial, operational, or other activities due to these refunds.
QUESS Stock Price Movement
Today, Quess Corp Limited shares rallied to close at ₹188.86, posting a gain of 3.36%. The stock carved out a trading range between ₹185.51 and ₹192.37 today, supported by a volume of 277,863 shares.Source:
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