GCGoa Carbon509567Tax or GST

Income Tax Department passes further Rectification Order for A.Y. 2010-11 granting additional interest

Goa Carbon received a further Rectification Order dated 08.10.2026 for A.Y. 2010-11, granting additional interest and a further refund of ~Rs.

By ScoutQuest · Wed 21 Oct 2026, 2:17 PM IST · 2 min read

Further refund determined (order dated 08.10.2026)

~Rs. 22.22 lakh

Earlier rectification refund (order dated 10.07.2026)

~Rs. 1.2 crore

Assessment Year

A.Y. 2010-11

What the company disclosed

• A Rectification Order dated 08.10.2026 was passed by the Deputy Commissioner of Income Tax, Circle-1(1), Panaji, Goa under Section 154 of the Income-tax Act, 1961, in respect of Assessment Year 2010-11.
• The company received the order on 20.10.2026 at around 16:58 hours.
• The order rectifies an earlier Rectification Order dated 10.07.2026 to grant additional interest to the company and determines a further refund of ~Rs. 22.22 lakh as payable.

Background of the tax matter

• An Order Giving Effect dated 20.11.2025 had granted the company a refund of ~Rs. 76.15 lakh for Assessment Year 2010-11, but did not grant the statutory interest and additional interest payable under Section 244A of the Act.
• The company challenged that order by update Writ Petition (L) No. 485 of 2026 before the Hon'ble Bombay High Court, Goa Bench, on the interest issue.
• While the writ petition was pending, the Deputy Commissioner passed the Rectification Order dated 10.07.2026, granting interest under Section 244A and determining a further refund of ~Rs. 1.2 crore as payable to the company.
• The company then made a representation seeking additional interest, following which the further Rectification Order dated 08.10.2026 was passed, adding a further refund of ~Rs. 22.22 lakh.

What happens next

• The company states that in light of the two rectification orders, it is evaluating the appropriate course of action in respect of the writ petition still pending before the Bombay High Court, Goa Bench.

How to read this

• Both rectification orders are in the company's favour: they determine refunds payable to the company along with interest.
• The amounts involved are income-tax refunds and interest for a single assessment year, so they relate to cash inflows rather than to the company's day-to-day operations.
• The disclosure records the orders and the company's stated position that it is still deciding its next step on the pending writ petition.

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