Goa Carbon News

Goa Carbon Gets BBB+ Rating from Acuité on ₹500 Cr Facilities

Acuité Ratings assigned BBB+ long-term and A2 short-term ratings with stable outlook on Goa Carbon's enhanced ₹500 crore bank facilities, reflecting the company's credit profile.

Goa Carbon Receives Rs 0.76 Crore Tax Refund Following High Court Order

Goa Carbon Limited received a tax refund of Rs 0.76 crore from the Income Tax Department for Assessment Year 2010-11, following a consequential order that adjusted opening stock based on a Bombay High Court ruling for the previous year. The refund resulted from reduced taxable profits after stock adjustments were made in compliance with the court's decision.

Goa Carbon Receives Rs 7.61 Crores Tax Refund from Income Tax Department

Goa Carbon Limited received two tax refund orders totaling Rs 7.61 crores including interest - Rs 5.29 crores for Assessment Year 1999-2000 following a favorable High Court order, and Rs 2.32 crores for Assessment Year 2009-10 based on CIT(A) orders. The refunds relate to previously disallowed deductions under Section 80HHC of the Income Tax Act that were later overturned by appellate authorities.