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Sanofi India tax demand of Rs 72.71 lakh for AY 2019 vacated

Sanofi logoSanofi
Sig2.35Sen+2.20Env0.00Soc0.00Gov+2.30
Sanofi India Limited logoSanofi India Limited
Sig2.10Sen+2.20Env0.00Soc0.00Gov-0.60

Sanofi India Limited received an order from the Commissioner of Income Tax (Appeals) vacating a Rs 72,71,510 tax demand for Assessment Year 2019-20. The decision follows a favourable CIT(A) ruling ending proceedings under Section 201 of the Income-tax Act on alleged non-deduction of TDS on year-end provisions.

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