Alkem Laboratories wins tax appeal for ₹660.77 crore
Alkem Laboratories received favourable Orders-in-Appeal from the Commissioner of Income Tax, Appeal – 47, Mumbai for AYs 2018-19 to 2022-23. The orders deleted disallowances under Section 80-IE involving ₹660.77 Crores. The company stated there is no material impact on its financial or operational activities.

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Alkem Laboratories has received favourable Orders-in-Appeal from the Commissioner of Income Tax, Appeal – 47, Mumbai (CIT(A)) for Assessment Years (AYs) 2018-19 to 2022-23. The orders, received on 30th June, 2026, pertain to the deletion of disallowances made under Section 80-IE of the Income-tax Act, 1961, involving a tax amount of ₹660.77 Crores. The company confirmed that there is no material impact on its financial, operational, or other activities.
Background of the Tax Dispute
The dispute originated when the Assessing Officer disallowed part of the deduction claimed under Section 80-IE of the Income-tax Act, 1961, in re-assessment orders passed under Section 143(3)/144 read with Section 147 of the Act for AYs 2018-19 to 2022-23. Alkem Laboratories subsequently filed appeals before the CIT(A), which have now been decided in the company's favour. The CIT(A) has passed orders deleting the said disallowances across all five assessment years in question.
Key Details of the Orders-in-Appeal
The following table summarises the key details of the favourable orders as disclosed by the company:
| Parameter | Details |
|---|---|
| Authority | Commissioner of Income Tax, Appeal – 47, Mumbai (CIT(A)) |
| Assessment Years | AYs 2018-19 to 2022-23 |
| Nature of Order | Deletion of disallowances made under Section 80-IE of the Income-tax Act, 1961 |
| Tax Amount Involved | ₹660.77 Crores |
| Date of Receipt of Orders | 30th June, 2026 |
| Impact on Company | No material impact on financial, operational, or other activities |
Company's Disclosure and Compliance
Alkem Laboratories confirmed that the orders have no material impact on the financial, operational, or other activities of the company. The disclosure was made in compliance with Clause 20 of Para A of Part A of Schedule III of the SEBI Listing Regulations. The information has also been made available on the company's official website at www.alkemlabs.com . The disclosure was signed by Manish Narang, President – Legal, Company Secretary & Compliance Officer, on 1st July, 2026.
Historical Stock Returns for Alkem Laboratories
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.13% | +2.53% | +6.17% | -0.54% | +14.11% | +74.13% |
Will the Income Tax Department challenge the CIT(A) order before the Income Tax Appellate Tribunal (ITAT)?
How will the refund of ₹660.77 Crores be utilized to strengthen Alkem's balance sheet or fund R&D?
Does this favorable ruling set a precedent for resolving other pending tax disputes for the company?































