ITAT dismisses tax department appeals in Deepak Fertilisers case
In short
Deepak Fertilisers got relief in a ₹215 crore tax case after the Income Tax Appellate Tribunal dismissed the tax department’s appeals.
The tribunal backed the earlier relief given by the Commissioner of Income Tax (Appeals), Mumbai, in an order dated January 8, 2026.
What the reporting says
Deepak Fertilisers got relief in a ₹215 crore tax case after the Income Tax Appellate Tribunal dismissed the tax department’s appeals. The tribunal’s decision upheld relief earlier granted by the Commissioner of Income Tax (Appeals), Mumbai, in an order dated January 8, 2026.
Why it matters
Deepak Fertilisers received relief in a tax dispute involving disputed taxable income of ₹215 crore after the Income Tax Appellate Tribunal dismissed appeals filed by the tax department. The ruling upheld an earlier order from the Commissioner of Income Tax (Appeals), Mumbai, dated January 8, 2026. The direct impact is on the company’s tax position and market sentiment around the stock.