Jubilant Pharmova has received an order from the Income Tax Department, raising a tax demand of ₹22.10 crores. The company believes the demand suffers from errors and is preparing to file a rectification application and/or appeal. They anticipate the tax demand may be deleted post redressal. The order was dated December 27, 2025, with receipt on December 30, 2025.
Details of Tax Order
Jubilant Pharmova announced the receipt of an order from the Income Tax Department on December 30, 2025. The order, dated December 27, 2025, raises a tax demand of ₹22.10 crores for the financial year 2020.
Company’s Response
The company contests the tax demand. Jubilant Pharmova believes the order contains mistakes apparent from records and overlooks the company’s arguments. They plan to file a rectification application and/or an appeal to address the issue.
Anticipated Outcome
Jubilant Pharmova expects to receive relief from the Assessing Officer and/or appellate Authority. The company believes the tax demand is likely to be deleted after the redressal process. Currently, the company doesn’t anticipate any material financial implications.
Basis of Demand
The tax demand of ₹22.10 crores primarily stems from arithmetical errors, mistakes apparent from records, disallowances of expenses and deductions, and transfer pricing adjustments. The company intends to address these issues through the appropriate legal channels.
Source: BSE
