Deepak Fertilisers has announced that appeals filed against income tax assessments for the period FY2013-14 to FY2018-19 have been allowed. The appeals involved a disputed taxable income of Rs. 215 Crores. The favorable outcome was communicated to the company via email from the Income Tax Authorities on January 8, 2026.
Favorable Resolution of Tax Appeals
Deepak Fertilisers has received a positive outcome regarding its tax appeals. The company had filed appeals for the assessment years 2013-14 to 2018-19 which have now been allowed.
Details of the Appeals
The appeals concerned a disputed taxable income amounting to Rs. 215 Crores. The Commissioner of Income Tax (Appeals), Mumbai, has ruled in favor of the company, resolving the matter.
Background of the Issue
The company had previously disclosed that it had received assessment and demand orders for various Assessment Years (AY), including 13-14, 14-15, and 15-16 in the quarter ended June 30, 2021. Appeals and rectification applications were filed accordingly. Orders for remaining years (16-17 to 19-20) were received by the end of October 2021. The company initiated the process of filing appeals and rectification applications.
Source: BSE
