Sagility Limited Notifies Revised Income Tax Demand After Rectification Order
Sagility Limited has reported a material update regarding its tax assessment for the Assessment Year 2023-24. The company confirmed receiving a rectification order from the Deputy Commissioner of Income Tax, Circle 6(1)(1) - Bengaluru, which revised the original income tax demand.The rectification order, dated May 8, 2026, was passed under Section 154 read with Section 143(3), Section 144C(3), and Section 144B of the Income Tax Act, 1961, covering the financial year 2022-23.
The adjustment resulted in a significant revision of the income tax demand. The original demand stood at Rs. 100,00,36,187 (including interest), which was subsequently revised down to Rs. 56,68,06,083 (including interest).
Assessment Details
The core details of the tax revision are as follows:| Detail | Value |
|---|---|
| Authority | Deputy Commissioner of Income Tax, Circle 6(1)(1) - Bengaluru |
| Order Date | May 8, 2026 |
| Financial Year | 2022-23 (AY 2023-24) |
| Original Demand (Incl. Interest) | Rs. 100,00,36,187 |
| Revised Demand (Incl. Interest) | Rs. 56,68,06,083 |
| Basis of Violation/Adjustment | Transfer pricing adjustments of Rs. 189,50,16,208 |
According to the company, the Income Tax Authority made transfer pricing adjustments in the returned income for AY 2023-24. The company advised that the demand is not maintainable and subsequently filed an appeal on May 12, 2026, before the Commissioner of Income Tax (Appeals) under the provisions of the Income Tax Act, 1961.
Sagility Limited stated that, based on the advice of its tax advisors, the rectified assessment order has no material impact on the company’s financials, operations, or other activities.
SAGILITY Stock Price Movement
Today, SAGILITY LIMITED shares edged higher, settling at a gain of 1.62% for the day. The stock saw significant investor interest, executing on a volume of 19.51 million shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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