Tax Tap: Alkem Laboratories Receives Rs 2.3 Million Demand From Income Tax Department

Alkem Laboratories Ltd has disclosed receipt of a tax demand order amounting to Rs 2.3 million from the Income Tax Department, issued under Section 143(3) read with Section 144B of the Income Tax Act, 1961. The order pertains to the company’s assessment for the financial year 2021–22 and was formally communicated on September 23, 2025.

 

Key points from the announcement:

 

- The demand follows a routine scrutiny assessment conducted under faceless evaluation protocols  

- No penalty or interest component has been specified in the initial order  

- Alkem is currently reviewing the order and may consider filing a rectification or appeal  

- The company confirmed that the demand will not materially impact its financial position  

 

Context And Compliance

 

Section 143(3) allows for detailed assessment of income tax returns, while Section 144B ensures digital processing under India’s faceless assessment framework. The Rs 2.3 million demand is modest relative to Alkem’s annual revenue base, which exceeds Rs 12,000 crore. The company maintains a strong compliance record and has assured stakeholders of full cooperation with tax authorities.

 

Investor Reaction

 

The disclosure was made in accordance with SEBI’s listing obligations. Alkem’s stock remained stable following the announcement, with analysts viewing the development as routine and non-disruptive.

 

Sources: BSE Corporate Filings, Moneycontrol, Economic Times Tax Desk.