Websol Energy Jumps 14% as ₹73.04-Cr Income-Tax Demand for FY18 Is Set Aside, Clearing a Major Balance-Sheet Overhang

shares surged up to ~14% after the company said it won a key income-tax appeal, with the CIT (Appeals), Kolkata ruling in its favour for AY 2017–18 and setting aside a ₹73.04 crore tax demand. The demand had arisen from additions of ₹184.99 crore under Section 115JB and disallowance of ₹1.51 crore of expenses under normal provisions, and was earlier disclosed as a contingent liability. With the appellate order, the company indicated the ₹73.04 crore demand would no longer be payable, improving near-term visibility on liabilities and reducing uncertainty for investors. Despite the sharp rally, the stock was still down sharply in 2025 and technical indicators cited in the report remained weak-to-mixed, suggesting the move is primarily relief-driven rather than a full trend reversal. Source: The Economic Times No Recommendations