Lanco Infratech Limited has become entitled for the reimbursement of income tax of Rs 175 crore paid by it for the financial years 2001 to 2012 with interest, after adjusting adhoc amount of Rs 70 crore already received.
This follows the company getting a favourable order from the Supreme Court on October 16 for its subsidiary company Lanco Kondapalli Power Limited (LKPL), the company claimed in a press release today.
The apex court has dismissed the appeals filed by Andhra Pradesh Power Coordination Committee and AP DISCOMS and also upheld the orders passed by APTEL and APERC in favour LKPL, it said.