Sanofi India Limited — Important, 25-04-2025: General Updates

The Assessment Unit of the Income Tax Department has issued a final assessment order determining Sanofi India Limited's tax liability at INR 39.02 crore, relating to adjustments on transfer pricing issues and disallowance of payments made to healthcare professionals for the assessment year 2022-23. The company plans to appeal this decision to higher tax authorities.

Additionally, the State Tax Officer in Odisha has accepted the company's application under the amnesty scheme for the years 2018-19 and 2019-20. This acceptance results in waivers of penalties amounting to INR 2.45 lakh for 2018-19 and INR 7.79 lakh for 2019-20. While these developments are significant, they do not have a material impact on Sanofi's financial or operational activities. Investors should keep a watchful eye on the pending appeal related to the tax liability, as it could affect future financial stability.