Meesho Receives ₹1,499.74 Crore Tax Demand Notice from Income Tax Department
Meesho Limited received an Assessment Order and Demand Notice from the Income Tax Department for Assessment Year 2023-24, dated March 05, 2026, received on March 06, 2026. The tax demand aggregates to ₹1,499.74 Crore. Meesho is evaluating the order and intends to contest the demand. A similar demand for the previous year is pending in the High Court of Karnataka.
The tax demand is substantial, but the company is contesting it and believes it has grounds to do so. A similar case is already under review in High court. Therefore, the impact is considered medium.
The announcement discusses a significant tax demand received by the company, which indicates potential financial and legal challenges.
Meesho Limited has received an Assessment Order under Section 143(3) of the Income-tax Act, 1961 for the Assessment Year 2023-24, along with a Demand Notice under Section 156 of the same act, dated March 05, 2026. This order was issued by the Assessment Unit of the Income Tax Department, with the company receiving it on March 06, 2026. The disclosure is made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The tax demand aggregates to ₹1,499.74 Crore, which includes applicable interest. Meesho is currently evaluating the Assessment Order and does not agree with the observations and adjustments made. The company believes it has adequate legal and factual grounds to contest the demand and is taking necessary steps to protect its interests.
A similar demand order was issued for the previous Assessment Year 2022-23, which was disclosed in the company's prospectus dated December 5, 2025. The High Court of Karnataka granted an interim stay on that demand notice on April 17, 2025, and the matter is currently pending. The company asserts that the current Assessment Order and Demand Notice do not have any major adverse impact on its financial position, operations, or other activities.
What to do with a filing like this
Meesho Limited filed this with the NSE as a statutory disclosure, categorised under taxation. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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