Sanofi India Receives Favorable Tax Order: Income Tax Demand of Rs 72 Lakh Vacated
Sanofi India Limited has secured a favorable development regarding tax proceedings after receiving an order from the Assistant Commissioner of Income Tax in Mumbai. The order, dated August 11, 2026, gives effect to the appellate decision made by CIT(A) - 49, Mumbai on July 2, 2026.The order specifically pertains to proceedings initiated under Section 201 of the Income-tax Act, 1961. As a result of this ruling, the demand amounting to Rs 72,71,510 has been vacated, thereby allowing for relief as granted by CIT(A) - 49.
The dispute centered on an appeal concerning the non-deduction of Tax Deducted at Source (TDS) related to year-end provisions. Sanofi India noted that there is no material impact of this decision on the company's current financial or operational activities.
Key details of the tax order and its implications are summarized below:
| Aspect | Detail |
|---|---|
| Issuing Authority | Assistant Commissioner of Income Tax, TDS OSD TDS Circle 2(2), Mumbai. |
| Nature of Order | Gives effect to the favorable Appellate Order from CIT(A) - 49, Mumbai. |
| Financial Demand Vacated | Rs 72,71,510. |
| Appellate Matter | Appeal against non-deduction of TDS on year-end provisions. |
| Date of Receipt of Order | August 11, 2026. |
The company had previously intimated the stock exchanges on July 3, 2026, regarding the development following the appellate order from CIT(A) - 49, Mumbai.
SANOFI Stock Price Movement
As of 1:51 PM, shares of Sanofi India Limited are slipping by 0.69% in live trading, currently priced at ₹3304.1 as the stock sheds ₹22.90. The equity has seen 7,503 shares traded during the session and holds above the intraday low of ₹3297.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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