The ecommerce firm said it is reviewing the assessment order issued by the Income Tax Department and plans to challenge the demand
Ecommerce platform Meesho said it has been served an assessment order by the Assessment Unit of the Income Tax Department, which has raised a tax demand of Rs 1,499.73 crore for the assessment year 2023–24, including applicable interest.
The order has been issued under Section 143(3) of the Income-tax Act, 1961, along with a demand notice under Section 156 dated 5 March 2026. The company said it received both documents on 6 March 2026.
As per the disclosure, the tax demand follows certain revisions made by the tax authorities to the income reported by the company for the concerned assessment year.
Meesho said it is currently examining the assessment order and does not concur with the observations and adjustments made by the tax authority. The company stated that it believes it has strong legal and factual grounds to challenge the order and is taking appropriate steps to defend its position.
The company further noted that a similar demand had earlier been raised for the assessment year 2022–23, which was disclosed in the prospectus it filed on 5 December 2025.
Meesho added that the Karnataka High Court, through an order dated 17 April 2025, had granted an interim stay on the earlier demand notice, and the matter continues to be under consideration before the court.
The company also said that the latest assessment order and demand notice are not expected to materially affect its financial position, operations, or other business activities.
Founded in 2015, Meesho operates a multi-sided digital marketplace that connects buyers, sellers, logistics partners and content creators. The platform primarily earns revenue through seller-focused services such as fulfilment support, advertising solutions and analytics tools.
