Sanofi India Wins Tax Appeal, Demand of ₹72.7 Lakh Dropped

Sanofi India Ltd has received a favorable order from the Income Tax Appellate Tribunal - 49, Mumbai, for Assessment Year 2019-20. The tribunal accepted the company's submissions, dropping proceedings initiated under Section 201 of the Income-tax Act, 1961, and deleting a demand of ₹72,71,510. The company was treated as an 'assessee in default' for non-deduction of taxes on year-end provisions. The tribunal ruled that once disallowance is made in tax computation, the company cannot be deemed an 'assessee in default' for the same amount. This ruling has no material impact on Sanofi India's financial or operational activities.