« Top Headlines » Open DEMAT Account in 24 hrs  Tax planning for 2025: How to maximise your savings before March 31 deadline  New income tax bill reaches Parliament: Finance Minister Nirmala Sitharaman tables I-T Bill 2025 in Lok Sabha  5 major changes in the last 6 months every taxpayer should know!  Good news for taxpayers: ITR forms updated to allow 87A tax rebate claims, but there's a catch  Top 10 income tax changes from 2024 to look out for while filing ITR in 2025 «  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.