Legal28 Mar 2026, 03:51 pm
Sanofi India Faces INR 12.37 Crore Tax Liability for FY 2022-23
AI Summary
Sanofi India Ltd. has received a final assessment order from the Assessment Unit, Income Tax Department, determining a tax liability of INR 12,36,99,710 (including interest) for the Financial Year 2022-23 (Assessment Year 2023-24). The order was received on 27th March 2026. The assessment order resulted from adjustments on transfer pricing issues and disallowing payments made to Healthcare professionals. The company plans to appeal against these adjustments and disallowances at higher tax authorities.
Key Highlights
- Sanofi India Ltd. has been issued a final assessment order by the Assessment Unit, Income Tax Department.
- The order determines a tax liability of INR 12,36,99,710 for the Financial Year 2022-23.
- The assessment order resulted from adjustments on transfer pricing issues and disallowing payments made to Healthcare professionals.
- Sanofi India plans to appeal the adjustments and disallowances at higher tax authorities.
- The order was received on 27th March 2026.