Income Tax transfer pricing order, adjustments rise to Rs 16.41 lakh
SMLMAH · price
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SML Mahindra received a transfer pricing order from the Income Tax department for Assessment Year 2022-23. Total adjustments increased to Rs 16.41 lakh from Rs 9.92 lakh in earlier DRP directions. The dispute covers arm's length price for corporate guarantee fees to an associated enterprise and the pricing method in the manufacturing segment. Penalty proceedings under section 270A may be initiated. The company will file an appeal against the order.
Tax demand is small relative to company size. Appeal pending; any upheld penalty could add to financial impact.