Tax & Penalty1 Jul 2026, 05:00 pm
Alkem Labs Wins ₹660.77 Cr Tax Appeal
AI Summary
Alkem Laboratories Ltd has received favorable Orders-in-Appeal from the Commissioner of Income Tax (Appeals) – 47, Mumbai, concerning assessment years 2018-19 to 2022-23. The statutory authority deleted disallowances made under Section 80-IE of the Income-tax Act, 1961, involving a tax amount of ₹660.77 Crores. The company stated that there is no material impact on its financial, operational, or other activities. The orders were received on June 30, 2026.
Key Highlights
- Alkem Labs secured a favorable tax appeal order.
- ₹660.77 Crores tax disallowance was deleted by CIT(A).
- The order covers assessment years 2018-19 to 2022-23.
- No material financial or operational impact expected.
- The ruling pertains to Section 80-IE of the Income-tax Act.
Price Impact
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