Pfizer Faces ₹85.74 Cr Tax Demand from Income Tax Dept

Pfizer Ltd has received an Assessment Order from the Income Tax Department for a tax demand of ₹85,73,96,440 related to the financial year 2022-23. The order follows a scrutiny of returns and includes a show cause notice for initiating penalty proceedings. Pfizer is evaluating the order and plans to take appropriate steps, including filing an appeal. The company believes it has strong grounds on merits and does not expect the order to have a material impact on its financial position or operations.