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Intellect Design Arena Ltd ( (IN:INTELLECT) ) just unveiled an announcement.
Intellect Design Arena Limited announced a favorable ruling from the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) in Chennai, which set aside a significant service tax demand of ₹36.77 crore, including interest and penalties. This decision significantly reduces the company’s contingent liabilities and validates its tax positions, positively impacting its financial standing.
More about Intellect Design Arena Ltd
Intellect Design Arena Limited operates in the technology industry, providing digital financial solutions and services. The company focuses on delivering innovative products for banking, insurance, and other financial sectors, aiming to enhance customer experience and operational efficiency.
Average Trading Volume: 22,912
Technical Sentiment Signal: Strong Buy
Current Market Cap: 143.4B INR
For a thorough assessment of INTELLECT stock, go to TipRanks’ Stock Analysis page.