Infosys, the country's second largest software exporter, has received a tax refund of ₹6,329 crore from the Income Tax Department, as announced in their exchange filing. However, the company is also facing a tax demand of ₹2,767 crore for assessment orders issued by the I-T department. This news caused a rise in Infosys' shares by nearly 2% in the opening trade on Monday, extending gains for the second consecutive session. The company is currently evaluating the implications of these orders on its financial statements for the quarter and year ending March 31, 2024, and is also considering filing appeals against these orders. The board of Infosys is set to meet on April 18 to approve its financial results for the January-March quarter, which will kick-off the March quarter earnings season.