Refex Industries Limited has achieved a major legal victory as the Madras High Court quashed an Income Tax demand of ₹3,567.22 lakh for AY 2016-17. The court set aside the assessment order dated May 31, 2023, after the company successfully challenged it through a writ petition citing procedural violations under Section 144A of the Income Tax Act. The ruling, received on April 28, 2026, has completely nullified the tax demand, providing substantial financial relief to the company.
Madras High Court Quashes ₹3,567.22 Lakh Income Tax Demand Against Refex Industries for AY 2016
