Alkem Labs Gets Appellate Relief in Rs 660.77 Crore Income Tax Dispute

According to the filing, the Commissioner of Income Tax (Appeals) – 47, Mumbai passed the Orders-in-Appeal for Assessment Years (AYs) 2018-19 to 2022-23, deleting the disallowances made under Section 80-IE of the Income-tax Act. The orders involve a tax amount of Rs 660.77 crore (Rupees Six hundred sixty crore and seventy-seven lakh only).

The company stated that the orders were received on June 30, 2026. The filing further explains that the matter arose after the Assessing Officer had disallowed part of the deduction claimed under Section 80-IE of the Income-tax Act in the reassessment orders passed under Sections 143(3)/144 read with Section 147 of the Act for Assessment Years 2018-19 to 2022-23.

Alkem Laboratories also clarified that the favourable appellate orders will have no material impact on the financial, operational or other activities of the company. According to the Alkem Laboratories regulatory filing, the Commissioner of Income Tax (Appeals) – 47, Mumbai, has deleted the tax disallowances made under Section 80-IE of the Income-tax Act for Assessment Years 2018-19 to 2022-23, involving a tax amount of Rs 660.77 crore. The company further stated that the orders do not have any material impact on its financial position, operations or other business activities.

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