Tax & Penalty22 Apr 2026, 10:33 am
Rubicon Research Receives ₹17.25 Cr Tax Demand
AI Summary
Rubicon Research Ltd. received an assessment order from the Income Tax Authority for AY 2023-24, with additions/disallowances of ₹20.68 Cr related to international transactions. The total demand raised is ₹17.25 Cr, subject to the outcome of an appeal. The company is filing an appeal and believes its position is strong.
Key Highlights
- Rubicon Research received an assessment order for AY 2023-24.
- The order includes additions/disallowances of ₹20.68 Cr related to transfer pricing.
- Total tax demand raised is ₹17.25 Cr, subject to appeal.
- The company is filing an appeal and believes its position is strong.
- A show cause notice has been issued for penalty proceedings under section 270A.