Transfer pricing order with about Rs 15.54 cr additional tax demand

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CARRARO · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-2.6%Reaction day

₹495.50

prior close

₹500.30

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-2.1%-0.4% vs market

Auto Components & Equipments peers, median of 110sector-2.3%-0.3% vs sector

On the reaction day the stock moved 0.4 pts less than Nifty Microcap 250 and 0.3 pts less than its Auto Components & Equipments peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.2

10m

+0.1

15m

+0.3

30m

-0.1

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-2.6-2.1-0.4-2.3-0.3

Next day

-4.0-2.0-2.0-2.6-1.4

-0.3-0.0-0.2-0.9+0.6

+2.8-0.4+3.2-1.6+4.4

+5.4+1.4+4.0+0.1+5.2

+0.1+0.1-0.0-0.2+0.3

+9.0+5.2+3.8+4.7+4.3

15d

+13.6+3.7+9.9+4.7+8.8

+7.2+3.5+3.7+3.8+3.4

-13.2-9.4-3.8-10.3-2.9

+12.2+9.0+3.2+3.6+8.6

UpDownMarket · Nifty Microcap 250Sector · Auto Components & Equipments peers, median of 110Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Income Tax Authority issued a transfer pricing assessment order for AY 2023-24, proposing additional income tax liability of Rs 15.54 crore. The order modifies the benchmarking approach for transactions with overseas related parties. Carraro India will appeal before CIT(A) and has also filed an application with APA authorities as an alternate remedy. Company states no immediate impact on operations.

Likely market impact

Potential Rs 15.54 cr tax hit if appeal fails. Company plans to contest via CIT(A) and APA route. Worth monitoring.