SMS Pharmaceuticals Receives Income Tax Demand Notice for Assessment Year 2018-19

Key Highlights

• SMS Pharmaceuticals received a demand notice under Section 156 of the Income Tax Act, 1961 from the Faceless Assessment Unit, Income Tax Department.
• The notice was received on 31st March 2026, raising a demand of Rs. 7.19 crores for the Assessment Year 2018-19.
• Penalty proceedings under section 270A have been initiated separately for underreporting of income.
• The company is reviewing the order and planning next steps before the appropriate forum against the said order.
• No material impact on financial, operational, or other activities of the company is expected at this stage.