Deepak Fertilisers and Petrochemicals Corporation Limited (DFPCL) has received a favourable outcome in its appeals before the Income-tax Appellate Tribunal (ITAT), Mumbai. The appeals filed by the Department for Assessment Years (AY) 2013-14 to 2018-19, involving a disputed taxable income of ₹215 Crores, have been dismissed. This decision confirms the relief previously allowed by the Commissioner of Income Tax (Appeals).
ITAT Dismisses Tax Department Appeals for DFPCL
In a significant development for Deepak Fertilisers and Petrochemicals Corporation Limited (DFPCL), the Income-tax Appellate Tribunal (ITAT), Mumbai, has dismissed the appeals filed by the tax Department. These appeals pertained to the Assessment Years (AY) 2013-14 to 2018-19 and involved a cumulative disputed taxable income of approximately ₹215 Crores. The ITAT’s ruling effectively confirms the relief that had been previously granted by the Commissioner of Income Tax (Appeals) in an order dated 8th January 2026.
Company’s Own Appeals Partially Allowed
Furthermore, the Tribunal has also allowed certain appeals filed by DFPCL itself for AY 2015-16 and AY 2016-17. While these were allowed for statistical purposes, they represent a positive outcome on specific issues raised by the Company. This dual outcome provides substantial clarity and relief concerning past tax liabilities for DFPCL.
Source: BSE
