E-commerce platform Meesho has from the Income Tax Department for the assessment year 2023–24. The company said it does not agree with the findings and plans to challenge the order through legal channels.
The demand has been raised following a scrutiny assessment conducted under Section 143(3) of the Income-tax Act, 1961.
A scrutiny assessment allows the assessing officer to closely examine a taxpayer’s financial records. During the process, officials review income details, accounts, deductions and exemptions to verify whether the income reported in the tax return is accurate.
Meanwhile, according to the company’s disclosure, the assessment order was issued by the tax department on March 5, 2026, along with a demand notice under Section 156 of the Income-tax Act, 1961. Meesho said it received both the order and the notice on March 6.
The tax department raised the demand after making certain additions and adjustments to the income reported by the company for the year.
Meesho said it is currently reviewing the assessment order and does not agree with the observations made by the tax authority.
The company added that it has adequate legal and factual grounds to challenge the demand and will take the necessary steps to protect its interests.
It also clarified that the order will not have any major adverse impact on its financial position or day-to-day operations.
This is not the first time the company has faced a tax demand. Meesho said a similar demand had been issued for the previous assessment year 2022–23.
That matter had already been disclosed in the company’s prospectus filed on December 5, 2025.
The company said the Karnataka High Court had granted an interim stay on that earlier demand through an order dated April 17, 2025. The case is currently pending before the court.
On March 9, Meesho’s shares were trading at Rs 143.34, down by 10%, at the time of writing.