Meesho Ltd Receives Assessment Order & Demand Notice from Income Tax Department for AY 2023-24

Meesho Ltd has received an Assessment Order under Section 143(3) of the Income-tax Act, 1961 and a Demand Notice under Section 156 of the IT Act dated March 05, 2026, from the Assessment Unit of the Income Tax Department for the Assessment Year 2023-24. The order and notice were received on March 06, 2026. The Income Tax Department has raised a tax demand of ₹ 1,499,73,82,840, including applicable interest. The Company is currently evaluating the Assessment Order and does not concur with the observations and adjustments made in the Order. Meesho believes that it has adequate legal and factual grounds to contest the same and is taking necessary steps to protect its interest. The Company had received a similar demand order for the previous Assessment Year (i.e., 2022-23), which was duly disclosed and is currently pending in the High Court of Karnataka.