Solara Active Pharma Share Price in Focus as Income Tax Dept Nullifies ₹161.92 Crore Tax Demand via Rectification Order

On August 28, 2026, Solara Active Pharma Sciences Limited announced the receipt of a rectification order from the Income Tax Department, as per the exchange filings.  

This order addresses a previously issued tax demand, which was found to be incorrectly calculated, and has now been nullified. 

Rectification Order Details 

On August 8, 2026, Solara Active Pharma Sciences received a rectification order under Section 154 read with Section 147 of the Income Tax Act, 1961. The order was issued by the Assistant Commissioner of Income Tax, Central Circle-3, Thane.  

This rectification follows an application submitted by the company, challenging a tax demand of ₹161.92 crore that was raised on March 17, 2026. 

The rectification order has corrected the error in the tax computation, reducing the demand to nil. The company had initially filed for rectification on the grounds of incorrect tax computation. 

Impact on Solara Active Pharma Sciences 

The rectification order pertains to the assessment year 2019-20. With the tax demand now nullified, there are no pending financial implications for Solara Active Pharma Sciences.  

The rectification order did not identify any non-compliance or violations by the company. 

Company's Response and Next Steps 

Solara Active Pharma Sciences has stated that no further action is required following the receipt of the rectification order.  

The company has acknowledged the rectification and confirmed that it will be available on their official website for public reference. 

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Solara Active Pharma Sciences Share Price Performance 

As of August 28, 2026, at 3:30 PM, Solara Active Pharma Sciences share price on NSE was closed at ₹623.70, up by 1.94% from the previous closing price. 

Conclusion 

Solara Active Pharma Sciences received a rectification order from the Income Tax Department, nullifying a ₹161.92 crore tax demand for the assessment year 2019-20. The order corrected the tax computation error, resulting in no financial impact on the company. 

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