DIC India: Transfer Pricing Adjustment Reduced to ₹3.74 Cr

DIC India Limited has received a final order from the Deputy Commissioner of Income Tax, Transfer Pricing - 1, Kolkata, pursuant to directions from the Dispute Resolution Panel-2. The order pertains to transfer pricing adjustments for FY 2022-23 (AY 2023-24). The initially determined upward adjustment of ₹3,84,17,653/- has been recomputed and reduced to ₹3,74,35,142/-. The company states there are no violations and is evaluating the order, with plans to file an appeal. The net impact is a reduction in the transfer pricing adjustment.