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📋 Filing Types Available on ForgeUp Filings Sourced from BSE corporate announcements (equity segment). Companies covered are BSE-listed and most are also listed on NSE. We show only material filings.
Financial Results Orders Dividend Buyback Merger / Acquisition Board Meeting Outcome Fundraise (QIP / Rights / FPO) Regulatory / Court Order Credit Rating Change Promoter Pledge Update Management Change Joint Venture / MOU Delisting Bonus Shares Stock Split
Data sourced from BSE India corporate announcements. More categories will be added over time.
Pfizer Ltd

Pfizer Ltd receives Rs. 85.74 Cr tax demand from Income-tax Department

REGULATORY ▼ Concern Flagged MEDIUM RISK
📅 Filed on BSE: 24 Apr 2026, 01:38 PM IST  ·  BSE ID: 4cacdb59-735d-4be8-8b9e-f3c460913a7b
View Original BSE Filing (PDF)
💡
In Simple Terms
Tax authorities claimed Pfizer owes Rs. 85.74 Crore in disputed taxes from 2022-23, alleging improper expense deductions.
🤖 AI Summary
  • Pfizer received Income Tax Assessment Order on April 23, 2026 for Rs. 85,73,96,440/- tax demand
  • Demand relates to FY 2022-23 scrutiny under sections 143(3), 144C(3), and 144B of Income Tax Act
  • Alleged violation: under-reporting of income due to disallowance of expenses in filed tax return
  • Show cause notice issued for penalty proceedings under sections 274 and 270A of Income Tax Act
  • Company evaluating order and plans to file appeal/stay application; believes grounds are strong
🔢 Key Numbers — exact figures from BSE filing, not rounded
Tax demand amount
Rs. 85,73,96,440/- (Rs. 85.74 Crore approximately)
Assessment financial year
FY 2022-23
Date of assessment order receipt
April 23, 2026
🏢 How This Affects the Company
💰
Financial Impact
Tax demand of Rs. 85,73,96,440/- is now a contingent liability. Company asserts no material impact on financial position at this stage pending appeal outcome.
⚠️
Risk Impact
Litigation and administrative risk from tax assessment and penalty proceedings. Outcome depends on appeal efficacy and tax authority's final determination.
👥 What This Means For Shareholders
✅
Action Required
No immediate action required. Track appeal filing status and outcome in future regulatory disclosures.
👤
Who Is Affected
All equity shareholders exposed to contingent liability of Rs. 85,73,96,440/- pending appeal resolution. Material impact only if tax authority prevails.
🔍
Management Signal
Management confidence in appeal prospects suggests internal assessment of legal position, though full details of disallowance basis undisclosed.

For information only. Not investment advice. ForgeUp is not SEBI-registered.

👁 Watch List — track these upcoming events
Appeal filing notification — confirm Pfizer files appeal/stay application within statutory timelines
Stay order outcome — monitor for Income Tax Appellate Tribunal decision on stay application
Annual report disclosure — check contingent liability note for updated assessment and appeal status
MEDIUM RISK Material tax contingency of Rs. 85.74 Crore with penalty exposure. Risk fully depends on appeal outcome and tax authority's final determination.
💡 Investor Takeaway
Pfizer faces Rs. 85,73,96,440/- tax demand for FY 2022-23 on alleged expense disallowances plus penalty notice. Company claims strong appeal grounds and no material financial impact expected pending legal assessment outcome.
⚖️ Strengths & Concerns

✅ Positives

  • Company asserts strong grounds on merits based on preliminary factual and legal assessment of order
  • No admission of liability; company states does not expect material financial impact at this stage

⚠️ Concerns

  • Tax demand of Rs. 85,73,96,440/- plus separate penalty proceedings initiated by tax authority
  • Under-reporting allegation relates to expense disallowances in filed return — specific weakness unknown
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⚠️ For Information Only — Not Investment Advice
ForgeUp Filings provides AI-generated summaries of public BSE exchange announcements (equity segment) for informational purposes only. Nothing here constitutes investment advice or a recommendation to buy, sell, or hold any security. ForgeUp is not a SEBI-registered investment advisor. All financial numbers are sourced directly from BSE filings and shown as-is. Past data is historical only. Please consult a qualified financial advisor before making investment decisions. Data sourced from BSE India public disclosures.
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