Tax & Penalty29 Sept 2026, 01:20 pm
Pfizer Ltd fined ₹1.26 Cr by Income Tax Dept for TP audit
AI Summary
Pfizer Ltd has received an order from the Deputy/Additional Commissioner of Income Tax Transfer Pricing, levying a penalty of ₹1,26,34,050 for the Assessment Year 2023-24. The penalty is based on a Transfer Pricing audit, allegedly due to non-furnishing of specific granular information. The company believes the order is not maintainable and plans to appeal. Pfizer states the order has no material impact on its financials, operations, or other activities.
Key Highlights
- Pfizer Ltd fined ₹1.26 Cr by Income Tax Transfer Pricing unit.
- Penalty relates to alleged non-furnishing of information during TP audit.
- Company disputes the order and intends to file an appeal.
- No material impact expected on financials or operations.
Price Impact
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