SAGILITY LIMITED has informed the Exchange about rectification order received under section 143(3) read with 144C(3) and section 144B of Income Tax Act 1961
SAGILITY · price
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The Deputy Commissioner of Income Tax, Bengaluru issued a rectification order dated May 8, 2026, reducing the company's tax demand for AY 2023-24 from Rs. 100 crore to Rs. 56.68 crore (both including interest). The tax authority made transfer pricing adjustments of Rs. 189.50 crore in the returned income. The company believes the demand is not maintainable and has filed an appeal before the Commissioner of Income Tax (Appeals) on May 12, 2026. Sagility states the rectified assessment order has no material impact on its financials or operations.
While the demand was reduced by approximately Rs. 43.32 crore, a tax liability of Rs. 56.68 crore remains outstanding. The company is contesting this through an appeal, so the financial impact remains contingent pending resolution.