« Top Headlines » Open DEMAT Account in 24 hrs  Delhi HC Rules GST Registration Cannot Be Cancelled Retrospectively Without a Clear Show Cause Notice (SCN)  Belated income tax return AY 2026-27: How to file, late filing charges and what you may lose  Major Financial Changes from August 1, 2026: ITR Deadline, RBI MPC Meeting, Tatkal Ticket Rules & More  Government proposes to ease tax relief conditions for offshore funds  TallyPrime Connected Banking: Automating Banking and Accounting  ITR Filing Deadline 2026: Is July 31 the Last Date to File Your Income Tax Return? Latest Official Update  ITR filing deadline nears: How to file income tax return online on e-filing portal - quick 15-step guide  Will the ITR Filing Deadline Be Extended Beyond July 31 for FY 2025-26? Here's the Latest Update for Taxpayers  Income Tax Refund Delayed for AY 2026-27? 5 Common Reasons Your Refund May Be Stuck and How to Fix It  ITR Filing 2026: FM Nirmala Sitharaman Asks Tax Officials to Let Honest Taxpayers Correct Genuine Mistakes  Will Your FCNR Deposit Stay Tax-Free After Returning to India? Tax Rules Explained for NRIs «  Veena Birbal appointed as Judge of Delhi High Court... Making sense of the tax numbers... » MTNL to get Rs 1,100 crore tax refund August, 29th 2007 MTNL on Friday won a case on income tax refund of about Rs 1,100 crore including 150 crore interest. A senior MTNL official said the Income Tax Department had earlier claimed a penalty of Rs 850 crore against which the PSU had gone to the Income Tax Appellate Tribunal. The tribunal today ordered that MTNL would not have to pay any penalty and would be refunded Rs 1,100 crore, including 150 crore as interest. The offical said the entire refund amount would soon be transferred to the MTNL account and the interest amount of 150 crore will be reflected in the company's second quarter result. In the past few months, the PSU has won a number of tax related cases in the tribunal with refunds running into about Rs 2,000 crore.