Xchanging Solutions Ltd Faces ITAT Order Regarding Transfer Pricing Adjustment
The Income Tax Appellate Tribunal (ITAT), Bangalore, issued an order on April 06, 2026, partly allowing an appeal filed by Xchanging Solutions Ltd concerning Assessment Year 2011-12. This development relates to ongoing litigation concerning transfer pricing adjustments.The Tribunal directed the assessing officer to recompute the transfer pricing adjustment. This recomputation is to be made against the earlier assessed amount of ₹ 4,52,14,43, after the learned officer excludes certain comparable companies while determining the arm's length price.
The company stated that there is no material impact on its financial standing, nor any impact on its operations or other activities due to the ITAT Order.
The details regarding the development of this pending litigation are summarized below:
| Sr. No. | Particulars | Description |
|---|---|---|
| 1 | The details of any change in the status and / or any development in relation to such proceedings | The Hon'ble ITAT has passed an order dated April 06, 2026, partly allowing the appeal of the Company. The Tribunal has directed the learned assessing officer for exclusion of certain comparable companies considered for determination of arm's length price and ordered recomputation of the transfer pricing adjustment. |
| 2 | In the case of litigation against key management personnel or its promoter or ultimate person in control, regularly provide details of any change in the status and / or any development in relation to such proceedings. | Not Applicable |
| 3 | In the event of settlement of the proceedings, details of such settlement including - terms of the settlement, compensation/penalty paid (if any) and impact of such settlement on the financial position of the listed entity. | Not Applicable |
XCHANGING Stock Price Movement
Today, Xchanging Solutions Limited shares gained ground, settling at ₹62.3 after an 8.98% rally in post-market trading. The stock finished today supported by solid activity, trading on a volume of 326,880 shares and near its intraday high of ₹63.8.Source:
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