Sagility Ltd Receives Income Tax Assessment Order for AY 2023-24
Sagility Ltd, formerly Sagility India Limited and earlier Sagility India Private Limited, has received its final income tax assessment order for the Assessment Year 2023-24, corresponding to the financial year 2022-23. The order was received from the Assessment Unit, Income Tax Department, on April 14, 2026, at 19:45 IST.The assessment process involved the Income Tax Authority making transfer pricing adjustments to the returned income of AY 2023-24, totaling Rs. 189,50,16,208. This action resulted in an income tax demand of Rs. 100,00,36,187, which includes interest.
The details of the tax assessment are summarized below:
| Detail | Description |
|---|---|
| Authority | Assessment Unit, Income Tax Department |
| Order Type | Assessment Order under Section 143(3) read with Section 144C(3) read with Section 144B of the Income Tax Act, 1961 |
| Assessment Year | 2023-24 (Financial Year 2022-23) |
| Total Tax Demand | Rs. 100,00,36,187 (including interest) |
| Adjustment Details | Transfer pricing adjustments amounting to Rs. 189,50,16,208 |
Regarding the order, the Company stated that it believes the demand is not maintainable. Based on the advice of its tax advisors, Sagility Ltd is taking steps to file an appeal before the Commissioner of Income Tax (Appeals) within the prescribed timelines. Additionally, the Company is in the process of filing a rectification application before the Assessing Officer, requesting a correction of mistakes apparent from record.
The Company noted that, based on its assessments, the said order has no material impact on its financials, operations, or other activities.
SAGILITY Stock Price Movement
SAGILITY LIMITED shares closed today, edging higher by 2.00% to settle at ₹42.82. The stock saw robust trading activity, marking a day on a total volume of 17.94 million shares.Source:
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