Quess Corp Receives Rs 42.24 Crore Income Tax Refund Order for FY 2023-24
Quess Corp Limited received an income tax refund order worth Rs 42.24 crore, including Rs 8.85 crore in interest, from the Deputy Commissioner of Income Tax for FY 2023-24. The order dated April 27, 2026, was received on April 28, 2026, under Section 154 read with Section 143(1) of the Income-tax Act, 1961. The company disclosed this information under SEBI regulations and confirmed no impact on its financial or operational activities.
*this image is generated using AI for illustrative purposes only.
Quess Corp Limited has received a significant income tax refund order of Rs 42.24 crore from the tax authorities for the Financial Year 2023-24. The refund was processed under Section 154 read with Section 143(1) of the Income-tax Act, 1961.
Refund Details
The income tax refund order was issued by the Office of the Deputy Commissioner of Income Tax, Central Circle 2(1), Bangalore, dated April 27, 2026, and received by the company on April 28, 2026. The total refund amount comprises the principal refund along with interest component.
| Component | Amount |
|---|---|
| Total Refund | Rs 42.24 Crore |
| Interest Component | Rs 8.85 Crore |
| Financial Year | 2023-24 |
| Order Date | April 27, 2026 |
| Receipt Date | April 28, 2026 |
Regulatory Compliance
The company has made this disclosure pursuant to Regulation 30 read with Part A of Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure follows the requirements under the SEBI Master Circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.
Business Impact Assessment
According to the company's regulatory filing, the income tax refund order will have no impact on the financial, operational, or other activities of Quess Corp Limited. The company has confirmed that no violations or contraventions were committed or alleged to be committed in relation to this matter.
Authority Details
The refund order was issued under the provisions of the Income-tax Act, 1961, specifically under Section 154 read with Section 143(1). The issuing authority, Office of the Deputy Commissioner of Income Tax, Central Circle 2(1), Bangalore, processed the refund for the assessment year corresponding to Financial Year 2023-24.
Historical Stock Returns for Quess Corp
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.62% | -0.05% | +13.59% | -21.34% | -40.20% | -68.13% |
How will Quess Corp utilize the Rs 42.24 crore refund to strengthen its business operations or expansion plans?
Could this substantial tax refund indicate potential systemic issues in Quess Corp's tax compliance processes that might affect future filings?
What impact might this cash inflow have on Quess Corp's dividend policy or share buyback considerations for shareholders?
15
Access 50+ Readymade Screeners 
Use 200+ Custom Filters 
Get Full Market Insights 
