Key Quantitative Figures
The disclosure concerns the deletion of a tax demand amounting to ₹72,71,510 (Rs. 72.71 lakh).
Dates of Action
- Appellate Order Date: The Commissioner of Income Tax (Appeals)-49, Mumbai, passed the order on 2nd July 2026.
- Initial Intimation Date: The company intimated the stock exchanges about this appellate order on 3rd July 2026.
- Receipt of Implementation Order: The company received the order from the Assistant Commissioner of Income Tax, TDS OSD TDS Circle 2(2), Mumbai, giving effect to the appellate order on 11th August 2026.
- Assessment Year: The matter pertains to Assessment Year 2019-20.
Parties Involved
- Listed Entity: Sanofi India Limited.
- Regulatory Authorities: Assistant Commissioner of Income Tax, TDS OSD TDS Circle 2(2), Mumbai, and Commissioner of Income Tax (Appeals)-49, Mumbai.
Details of the Matter
The appeal was against proceedings initiated under Section 201 of the Income-tax Act, 1961, concerning the alleged non-deduction of TDS (Tax Deducted at Source) on year-end provisions. The CIT(A) order dropped these proceedings, leading to the deletion of the associated demand.
Stated Financial Impact
As per the disclosure, there is no material impact on the financial, operational, or other activities of the company as a result of this order.