The e-commerce platform Meesho has received a tax demand of ₹1,499.74 crore, including interest, from the Income Tax department’s assessment unit for the fiscal year 2023-24. The Bengaluru-based company disclosed this development in a filing with the stock exchanges on March 6, citing an assessment order under Section 143(3) of the Income-tax Act, which involves a detailed scrutiny assessment by the IT department to verify the accuracy of the filed return.
Meesho has expressed disagreement with the adjustments made by the IT department and intends to contest the order, believing it has solid legal and factual grounds to challenge the demand. This is not the first instance of such a tax demand for Meesho, as a similar situation arose for the assessment year 2022-23, as disclosed in the company’s prospectus from December 2025.
Meesho’s proactive response to this tax notice underscores the importance of meticulous financial record-keeping and compliance in the business world. The outcome of this dispute will not only impact Meesho’s financial standing but also serve as a reminder to other companies about the criticality of adhering to tax regulations and the challenges that can arise from tax assessments.
Source: Inc42 Media