Jubilant Pharmova Ltd Secures Deletion of Rs 22.10 Crore Tax Demand for Assessment Year 2020-21
Jubilant Pharmova Ltd has received a rectification order from the Income Tax Department regarding tax demands associated with Assessment Year 2020-21. The order, received on July 15, 2026, confirms that a tax demand of Rs. 22.10 crores stands deleted in its entirety.Rectification Process and Legal Status
The company initiated a rectification application against certain tax demands raised by the Income Tax Department for Assessment Year 2020-21. The application was filed with the Assessing Officer to address mistakes apparent from the record in the assessment order. Following this process, the relevant Assessing Officer granted relief, leading to the full deletion of the impugned amount.While the company has secured this specific relief through the rectification order, it continues to pursue a separate appeal based on merit grounds before the Income Tax Appellate Tribunal (ITAT). That specific appeal remains under adjudication.
The following table summarizes the current status of the litigation regarding the tax demand:
| Assessment Year | Opposing Party | Description of Status | Quantum of Claims (Rs. Crores) |
|---|---|---|---|
| 2020-21 | Income Tax Department | Rectification Order received deleting the impugned tax demand of Rs. 22.10 crores in its entirety | 22.10 |
JUBLPHARMA Stock Price Movement
Jubilant Pharmova Limited shares today slipped by 0.50% to settle at ₹1,023.25. The stock saw active turnover with a total volume of 233,030 shares traded during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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