ITAT Recalls, Rectifies Order for DIC India Ltd Tax Matter

DIC India Limited has received an order from the Income Tax Appellate Tribunal (ITAT), Kolkata Bench, dated September 17, 2026, which was received on October 28, 2026. The ITAT has recalled and rectified its previous order of March 19, 2025, concerning the tax demand for FY 2019-20 (AY 2020-21). The rectification addresses unadjudicated grounds and clarifies the Transfer Pricing Officer's direction to recompute adjustments by excluding specific comparables. The matter has been listed before the regular Bench for further adjudication. The company states no violations were committed and there is no impact beyond what is disclosed.