Goa Carbon Faces Mixed Verdict as Bombay High Court Quashes Tax Demand but Orders Fresh Assessment

Unknown Apr 02, 2026 1,050 Views

Key Takeaways: Goa Carbon Ltd received a partial reprieve from the Bombay High Court, which quashed a previous ₹73.7 crore tax demand linked to AY 2009–10. However, the court directed the Income Tax Department to issue a fresh notice and conduct a reassessment. ...