Alkem Laboratories Limited — Others, 25-12-2024: Action(s) taken or orders passed

Alkem Laboratories has received two orders from the Income-tax Authority disallowing part of its claimed deductions for the assessment years 2020-21 and 2022-23, totaling ₹375.14 crore. However, the company indicates that no payment is required due to available MAT credits. The firm asserts there is no significant impact on its financials or operations from this dispute, as they plan to appeal the orders, believing they have strong grounds to support their claims. This indicates a potentially neutral impact on investor sentiment, as the company navigates this tax issue without expected cash outflows.