Sagility Limited has announced a positive development regarding its tax assessment for the Assessment Year 2023-24. Following a rectification order issued on May 8, 2026, the company’s total income tax demand has been significantly lowered from ₹100.00 crore to ₹56.68 crore, inclusive of interest. The company maintains that the remaining demand is not maintainable and has already initiated the legal appeal process to contest the underlying transfer pricing adjustments.
Revision of Tax Assessment
Sagility Limited has received a formal rectification order from the Deputy Commissioner of Income Tax regarding the Assessment Year 2023-24. This administrative update revises the previously issued income tax demand downwards, bringing the total liability from ₹100,00,36,187 down to ₹56,68,06,083. The order reflects adjustments made concerning transfer pricing, which had initially been assessed at a higher value.
Legal Strategy and Financial Outlook
Despite the revised demand, the company disputes the validity of these tax claims. Based on professional guidance from its tax advisors, Sagility Limited has formally filed an appeal before the Commissioner of Income Tax (Appeals) as of May 12, 2026. Management has confirmed that these tax proceedings are expected to have no material impact on the company’s ongoing operations, overall financials, or future business activities.
Source: BSE
