Received Income Tax Order under Section 92CA for AY 2023-24, claim Rs 10.91 lakhs
DYNAMATECH · price
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Dynamatic Technologies received an Income Tax order under Section 92CA(3) for Assessment Year 2023-24 related to transfer pricing adjustments on arm's length interest for delayed management fee receivables. The claim is about Rs 10.91 lakhs. Financial impact is yet to be determined as it depends on the final assessment order. The company plans to file objections with Income Tax Appellate Authorities within prescribed timelines.
Small tax claim of about Rs 10.91 lakhs; company will contest with the appellate authority. Watch for any escalation in demand.