Deepak Fertilizers wins significant income tax appeals

Deepak Fertilizers and Petrochemicals Corporation Limited (DFPCL) announced that the Commissioner of Income Tax (Appeals), Mumbai, has ruled in its favor regarding assessment years (AY) 2013-14 and 2014-15. This decision, communicated by Income Tax Authorities on August 26, 2025, will result in a significant drop in demand against the company.

The appeals, filed against disallowances made by the assessing officer, have been fully allowed. This outcome is expected to reduce the demand for AY 2013-14 by INR 20.52 Crores and for AY 2014-15 by INR 45.66 Crores.

The company's vice president – legal, compliance and company secretary, Rabindra Purohit, confirmed the intimation, which falls under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.