JM Financial Gets Tax Refund of Rs. 230 Cr. concerning the 2008–09 assessment year
CA Pratibha Goyal | Feb 21, 2025 |
JM Financial Gets Tax Refund of Rs. 230 Cr: Share Price Rally by 4%
The Deputy Commissioner of Income Tax has issued an order to JM Financial Limited concerning the 2008–09 assessment year. The corporation would receive a tax refund of ₹230 crore, including interest, according to the ruling, which was made in accordance with Section 254 read with Section 143(3) of the Income-tax Act, 1961.
February 19, 2025 was the date of receipt of the order.
As of 9:45 AM on February 21, 2025, JM Financial Ltd. is up ₹1.65 (1.60%) today at ₹104.65, down 9.78% over the previous month, but up 12.98% for the previous six months.
As required by law, JM Financial has notified the stock markets of the order. Regulation 30 of the SEBI LODR, which requires listed businesses to notify material events, was the basis for the disclosure. Both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) have received the information.
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