Tax appeal order received; partial relief granted, company to challenge further
DEEPAKFERT · price
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Deepak Fertilizers received an appeal order from the Joint Commissioner of State Tax (Appeals), Pune dated 13 Jan 2026 on a total demand of about Rs 95.6 crore related to disallowance of input tax credit. The appellate order reduced the tax demand to Rs 34.38 crore from Rs 40.44 crore, cut interest to Rs 56.28 crore from Rs 57.08 crore, and lowered penalty to Rs 4.94 crore from Rs 5.62 crore. The company says there is no material impact on financials and intends to challenge the order at a higher forum.
Partial relief in tax appeal with reductions across demand, interest and penalty. Company plans further challenge. No material financial impact stated by management.