Deepak Fertilizers And Petrochemicals Corporation Limited has informed regarding Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
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Deepak Fertilizers has won its income tax appeals filed for Assessment Years 2013-14 to 2018-19 before the Commissioner of Income Tax (Appeals), Mumbai. The appeals covered disputed taxable income of Rs. 215 Crores, where the assessing officer had made certain disallowances. The company had previously contested these disallowances, believing them to be legally defendable based on advice from independent tax experts. The favorable ruling was received via email from the Income Tax Authorities on 8th January 2026 at 2:38 p.m. This removes a significant tax dispute overhang for the company.
Positive for shareholders — the favorable ruling eliminates a Rs. 215 Crore tax dispute overhang, improving earnings clarity and likely boosting investor sentiment. It also reduces the risk of a large cash outflow and potential provisioning pressure on the books.