📷 Image: Wikimedia Commons / Siddall, John William, ed;
Nellist, George Fergus
Business
RITES Secures ₹38 Crore Tax Relief as Gujarat Authority Partially Sets Aside FY20 Demand
✍️ CNBC TV18
🗓 04 Oct 2026, 08:32 PM
👁 10
The Gujarat tax department has partially written off RITES Ltd’s FY20 tax demand, providing the company with a ₹38 crore relief.
RITES Ltd, a state‑owned railway infrastructure firm, has received a tax relief of ₹38 crore after the Gujarat tax authority partially set aside its FY20 tax demand.
The decision, reported by CNBC TV18, means that a portion of the tax liability for the financial year 2020 has been written off, reducing the amount payable by the company.
The move comes after a review of the company’s tax assessment, and it reflects the tax authority’s willingness to adjust demands that may be disputed or found to be excessive.
The ₹38 crore relief is expected to improve RITES’s cash flow and support its ongoing projects across India, though the company will still need to settle the remaining tax dues.
The decision, reported by CNBC TV18, means that a portion of the tax liability for the financial year 2020 has been written off, reducing the amount payable by the company.
The move comes after a review of the company’s tax assessment, and it reflects the tax authority’s willingness to adjust demands that may be disputed or found to be excessive.
The ₹38 crore relief is expected to improve RITES’s cash flow and support its ongoing projects across India, though the company will still need to settle the remaining tax dues.