IT Department Serves Notice To AstraZeneca Pharma For Rs.11.96 Crore Claim

IT Department Serves Notice To AstraZeneca Pharma For Rs.11.96 Crore Claim

The company plans to appeal to the Dispute Resolution Panel

AstraZeneca Pharma India Limited has received a draft order from the Income Tax Department for the Assessment Year 2022-23, under Section 144C (1) read with Section 143(3) of the Income Tax Act, 1961.

It pertains to a claim of Rs.11.96 crores, excluding interest and penalty.

However, the company stated, "The matter will be challenged before the Dispute Resolution Panel (DRP) by filing an appeal.”