Jyothy Labs has received orders from the Income Tax Department related to assessment years 2019-20 to 2022-23, with a total penalty demand of ₹2,47,65,778. The company is reviewing the orders and evaluating further action. While the company anticipates no material financial impact in the interim, the matter concerns alleged penalties on certain tax adjustments.
Details of Tax Authority Action
Jyothy Labs has received orders from the Assistant Commissioner of Income Tax, Central Circle 2(4), resulting in a penalty demand. The orders, received on September 30, 2025, pertain to assessment years 2019-20 to 2022-23.
Penalty Details
The Assessing Officer has raised a total penalty demand of ₹2,47,65,778 under Sections 270A and 271AAC(1) of the Income-Tax Act, 1961. The Income Tax Department has alleged penalties on certain tax adjustments.
Company Response
Jyothy Labs is currently reviewing the orders and will determine its further course of action. The company anticipates no material financial impact is expected in the interim.
Source: BSE
