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Ramco Industries Limited ( (IN:RAMCOIND) ) has shared an update.
Ramco Industries Limited has announced the outcome of a legal dispute concerning the classification of subsidy income. The High Court dismissed the Department’s appeal, which had challenged the Income Tax Appellate Tribunal’s decision to treat the subsidy income as a ‘capital receipt’. This dismissal, involving a disputed tax value of Rs 156.04 Lakhs, is a favorable outcome for Ramco Industries, potentially impacting its financial reporting and tax obligations positively.
More about Ramco Industries Limited
Average Trading Volume: 28,412
Technical Sentiment Signal: Buy
Current Market Cap: 33.78B INR
For detailed information about RAMCOIND stock, go to TipRanks’ Stock Analysis page.