Archive · 19 May 2025
Mankind Pharma Faces ₹341.86 Crore Tax Demand from Authorities
Mankind Pharma, a company, has been asked to pay an extra ₹341.86 crore in taxes.
The government's tax department says the company made some mistakes, so they need to pay more.
However, Mankind Pharma says they don't think they owe this money and will challenge the decision in court.
They believe they have good reasons for this and don't expect it to hurt their business much.
The tax is related to rules from the year 1961.
Mankind Pharma received an additional tax demand of ₹341.86 crore.
The demand includes tax and interest from the Income Tax authority.
The demand stems from adjustments and disallowance of expenditures under the Income Tax Act of 1961.
Mankind Pharma believes the demands are not valid.
The company plans to appeal the tax orders.
- Who
- Mankind Pharma and the Income Tax authority.
- What
- An additional tax demand of ₹341.86 crore.
- When
- Orders received on May 13 and 14, 2025, dated May 9, 2025.
- Where
- New Delhi, India
- Why
- Due to adjustments and disallowances under the Income Tax Act of 1961.
Tax Authority's Perspective
Mankind Pharma's Perspective
Tax Demand Justification
Tax Authority's Perspective
The Income Tax Department issued additional tax demands, which Mankind Pharma believes are justified due to adjustments and disallowances of various expenditures under the Income Tax Act.
Mankind Pharma's Perspective
Mankind Pharma believes the tax demands are not legally sound and plans to appeal, asserting they have grounds to dispute the claims.
- Additional Tax Demand
- ₹341.86 crore
- Orders Received
- May 13 and 14, 2025
- Tax Law Involved
- Income Tax Act, 1961
- Issuing Authority
- Office of the Deputy Commissioner of Income Tax, Central Circle 29, New Delhi
- Company Involved
- Mankind Pharma