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Q TECH India JV Resolves Tax Dispute, Reverses RMB75.24M Provision
Q TECH (01478.HK) announced that, pursuant to the Order, the TY20/21 FAO passed by the relevant Indian tax authority to Q Tech India was legally invalid and has been quashed. In Ad...
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Q TECH India JV Resolves Tax Dispute, Reverses RMB75.24M Provision
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Q TECH (01478.HK)  +0.270 (+3.383%)    Short selling $5.07M; Ratio 14.917%   announced that, pursuant to the Order, the TY20/21 FAO passed by the relevant Indian tax authority to Q Tech India was legally invalid and has been quashed. In Addition, on 8 March 2026, Q Tech India further received a revised income tax computation form and notice of demand issued by the relevant Indian tax authority pursuant to the Order of ITAT, pursuant to which the relevant Indian tax authority adjusted the tax payable by Q Tech India for the financial year ended 31 March 2021 to nil.

Based on the Revised Tax Computation and Demand Notice and after considering the opinions from the Indian legal counsel, the Company has resolved to reverse the provision previously made by the Company in respect of the dispute arising from the TY20/21 FAO, with an aggregated amount of approximately RMB75.236 million.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-06-12 12:25.)

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