Tax & Penalty19 May 2026, 02:55 pm
Sagility: Income Tax Demand Revised to ₹56.68 Cr
AI Summary
Sagility Ltd received a rectification order from the Deputy Commissioner of Income Tax, Bengaluru, revising the income tax demand for AY 2023-24 (FY 2022-23). The demand has been revised from ₹100,00,36,187 to ₹56,68,06,083 (including interest). The company has filed an appeal against the original adjustments, believing the demand is not maintainable, and anticipates no material impact on its financials or operations.
Key Highlights
- Sagility's income tax demand revised to ₹56.68 Cr from ₹100.00 Cr.
- Rectification order issued by Deputy Commissioner of Income Tax, Bengaluru.
- The company has filed an appeal against the original income tax adjustments.
- Sagility believes the demand is not maintainable based on tax advisor's advice.
- The rectified assessment order is not expected to have a material impact.
Price Impact
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