Divi’s Laboratories Receives Draft Tax Order for ₹571 Crore Additions in FY23

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Divi's Laboratories Faces ₹571 Crore Tax Addition Proposal for FY23

Divi's Laboratories Faces ₹571 Crore Tax Addition Proposal for FY23

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CNBC TV18•21-03-2026, 17:25

Divi's Laboratories Faces ₹571 Crore Tax Addition Proposal for FY23

•Divi's Laboratories received a draft tax order proposing ₹570.51 crore additions to its income for FY2022-23.
•The order, issued by the Assistant Commissioner of Income Tax, Hyderabad, includes transfer pricing and corporate tax adjustments.
•The proposed additions could lead to an additional income tax liability and penalty proceedings for alleged under-reporting.
•Divi's Laboratories is evaluating the order and plans to appeal within the stipulated time.
•The company reported a net profit of ₹583 crore for the December quarter, missing estimates, but EBITDA increased by 19.8%.

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