Solara Active Pharma Sciences Receives Rectification Order, Tax Demand Dropped

Solara Active Pharma Sciences Limited has received a Rectification Order from the Assistant Commissioner of Income Tax, Central Circle 3, Thane. This order rectifies an error in the tax computation related to a demand notice issued on March 17, 2026, for Assessment Year 2019-20. The company had applied for rectification under Section 154 of the Income Tax Act, 1961, stating the initial demand of ₹161.92 Crores was incorrectly calculated. The Rectification Order, issued under Section 154 read with Section 147, has now dropped the tax demand to Nil. The company confirms no financial impact or pending demand, and no aberrations or penalties were identified.