Deepak Fertilisers gets relief in ₹215 crore tax case; ITAT dismisses department's appeals

Resumen detallado

The appeals concerned disputed taxable income of ₹215 crore. The tribunal's decision upholds the relief granted to the company by the Commissioner of Income Tax (Appeals), Mumbai,…

Deepak Fertilisers and Petrochemicals Corporation (DFPCL) has received relief from the Income Tax Appellate Tribunal (ITAT), Mumbai, which dismissed appeals filed by the Income Tax Department for six assessment years from 2013-14 to 2018-19.

The appeals concerned disputed taxable income of ₹215 crore. The tribunal's decision upholds the relief granted to the company by the Commissioner of Income Tax (Appeals), Mumbai, through an order dated January 8, 2026.

The company disclosed the development in a regulatory filing on Saturday, November 14, stating that it received an email from the authority at 1:10 pm on November 13.

The matter relates to an earlier order covering assessment years 2013-14 to 2018-19, against which the Income Tax Department had approached the ITAT after the Commissioner of Income Tax (Appeals) ruled in favour of DFPCL.

The department's appeals have now been dismissed, confirming the relief granted to the company under the January 8 order.

Separately, the ITAT allowed appeals filed by DFPCL for assessment years 2015-16 and 2016-17 on certain issues. However, these appeals were allowed for statistical purposes, according to the company's filing.

Also read: Sammaan Capital Q2 Results: Profit edges up to ₹312 crore, core income turns negative

The tribunal's order comes a day after DFPCL reported an 84.7% year-on-year increase in consolidated net profit to ₹393.8 crore for the second quarter of FY27, compared with ₹213.2 crore in the corresponding quarter last year.

Revenue rose 10.9% to ₹3,334 crore from ₹3,006 crore in Q2 FY26. Earnings before interest, tax, depreciation and amortisation (EBITDA) increased 61.4% to ₹749 crore, compared with ₹464 crore in the year-ago quarter.

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