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Ruchi Infrastructure Settles West Bengal Tax Dispute

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Ruchi Infrastructure Settles West Bengal Tax Dispute

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The latest announcement is out from Ruchi Infrastructure Limited ( (IN:RUCHINFRA) ).

Ruchi Infrastructure Limited has announced a settlement regarding a tax dispute with the West Bengal government. The company has paid Rs. 69.83 lakhs to settle its dues under the West Bengal Tax on Entry of Goods into Local Areas Act, 2012. This settlement covers 75% of assessed liabilities for the respective assessment years without any interest or penalty, potentially impacting the company’s financial position positively by resolving the ongoing litigation.

More about Ruchi Infrastructure Limited

Average Trading Volume: 13,071

Technical Sentiment Signal: Sell

Current Market Cap: 1.65B INR

For an in-depth examination of RUCHINFRA stock, go to TipRanks’ Overview page.

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