RITES gets ₹38.30 crore tax relief from Gujarat authority

Engineering firm RITES Ltd received ₹38.30 crore relief after Gujarat's Deputy Commissioner of State Tax (Appeal-1) partially set aside a demand order for FY2019-20, covering tax, interest, and penalty. The order was passed on September 30 and received October 3. RITES had made a pre-deposit of ₹1.93 crore when filing the appeal.