Deepak Fertilisers and Petrochemicals Corporation Limited (DFPCL) has informed stock exchanges that it has received an income tax demand of ₹21.51 crore from the Central Processing Centre (CPC), Bengaluru, under Section 143(1) of the Income Tax Act, 1961 for Assessment Year 2024–25.
According to the company’s disclosure, the demand order was received on December 24, 2025.
Key Details
- The CPC increased the company’s income by ₹10.33 crore, without specifying detailed reasons.
- Credit for TDS of ₹14.32 crore and TCS of ₹2.8 lakh was not given in the order.
- The company clarified that no violation or contravention has been alleged.
Company’s Response
DFPCL stated that the assessment proceedings are still ongoing and will conclude by March 31, 2026. The company plans to seek clarification on the income difference and take appropriate action. It added that the demand has no material impact on its financial or operational activities at this stage.
The disclosure has also been uploaded on the company’s website.
Disclaimer: This news is based on regulatory disclosures filed with stock exchanges. It is for informational purposes only and does not constitute legal, tax, or investment advice.
