Quess Corp Limited has announced the receipt of an income tax refund order from the Office of the Deputy Commissioner of Income Tax. The company will receive a total refund of ₹42.24 crore, which includes ₹8.85 crore in interest, pertaining to the 2023-24 financial year. The company has confirmed that this development will have no impact on its ongoing financial or operational activities.
Refund Order Details
On April 27, 2026, Quess Corp received a formal order regarding the tax assessment for the 2023-24 financial year. The order, issued by the Office of the Deputy Commissioner of Income Tax in Bangalore, validates the company’s entitlement to a refund of ₹42.24 crore. This total amount encompasses the principal tax refund along with ₹8.85 crore in accrued interest.
Operational Impact
The company has officially clarified that the receipt of this tax refund will have no material impact on its financial position, daily operations, or other corporate activities. The announcement, confirmed on April 28, 2026, serves to update stakeholders on the status of the company’s tax-related proceedings for the mentioned fiscal period.
Source: BSE
