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March 9, 2026
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- Mon, 9 March 2026
A Major Tax Demand Issued
Ecommerce marketplace Meesho has received a tax demand of Rs 1,499.7 crore from the Income Tax Department for the assessment year 2023 to 24.
The company disclosed that it received an assessment order under Section 143(3) of the Income Tax Act along with a demand notice under Section 156. Both documents were issued on March 5, 2026 and were received by the company on March 6.
The demand includes interest and follows adjustments made by the tax authority to the income reported by Meesho for the relevant assessment year.
Company Plans To Challenge The Order
Meesho has stated that it does not agree with the observations and adjustments made in the assessment order.
The company said it is currently reviewing the matter and believes it has adequate legal and factual grounds to challenge the demand. It also added that it will take the necessary steps to protect its interests.
Earlier Case Still Pending In Court
This is not the first tax related dispute involving the company.
Meesho revealed that the Income Tax Department had issued a similar demand for the previous assessment year 2022 to 23. The matter was disclosed earlier in the company prospectus dated December 5, 2025.
In that case, the Karnataka High Court granted an interim stay on the demand notice through an order dated April 17, 2025. The case remains pending before the court.
Impact On Business Operations
Despite the latest tax demand, Meesho said it does not expect the order to have any significant adverse impact on its financial position or business operations.
The company continues to expand its ecommerce marketplace and strengthen its presence in the Indian online retail ecosystem.
Revenue Growth Continues Despite Rising Losses
Separately, Meesho reported operating revenue of Rs 3,517.5 crore for Q3 FY26.
This represents a 31 percent year on year increase. However, the company also reported a sharp increase in losses, which widened more than thirteen times to Rs 490 crore during the same quarter.
The numbers highlight both the platform’s rapid growth and the continued investment required to scale in India’s highly competitive ecommerce market.
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