Jubilant Pharmova: Tax Demand of ₹22.10 Cr Deleted by Income Tax Dept

Jubilant Pharmova Ltd has announced the receipt of a Rectification Order from the Income Tax Department, resulting in the complete deletion of a tax demand amounting to ₹22.10 crores for Assessment Year 2020-21. This order follows a rectification application filed by the company against certain tax demands. The company is separately pursuing an appeal on merit grounds before the ITAT. The rectification order was received on July 15, 2026, and the company will post the details on its website. The deletion of this tax demand is a significant positive development for the company's financial standing.