Deepak Fertilisers has received a demand order from the Income Tax Department for ₹21,50,77,320 under section 143(1) of the Income Tax Act, 1961 for the assessment year 2024-25. The order was received on December 24, 2025. The company is currently assessing the implications and will take necessary action, including seeking clarification on the matter.
Income Tax Demand Received
Deepak Fertilisers has received a demand order from the Income Tax Department (Central Processing Centre, Bengaluru) on December 24, 2025. The total demand amounts to ₹21,50,77,320.
Details of the Order
The demand order, issued under section 143(1) of the Income Tax Act, 1961, pertains to the assessment year 2024-25. The Income Tax Department increased the income by ₹10,33,56,624. The order did not provide credit for TDS (Tax Deducted at Source) and TCS (Tax Collected at Source) amounting to ₹14,32,80,882 and ₹2,80,005, respectively.
Company’s Response
The company is currently undergoing assessment proceedings for AY 2024-25 which are expected to be completed by March 31, 2026. Deepak Fertilisers plans to seek clarification regarding the difference in business income and will take appropriate action.
Source: BSE
