Datamatics Global Services Limited has received an order from the Income Tax Department concerning the scrutiny assessment for the Assessment Year 2023-24. The order relates to a proposed adjustment regarding transfer pricing of international transactions. The company is evaluating the matter and intends to appeal within the prescribed timelines, believing it has sufficient grounds to substantiate its position.
Income Tax Assessment Update
Datamatics Global Services Limited has been issued an order by the Income Tax Department under Section 144C(1) of the Income Tax Act, 1961. This order pertains to the scrutiny assessment for the Assessment Year 2023-24 and involves income tax matters.
Details of the Order
The order, received on January 30, 2026, relates to a proposed addition by the Assessing Officer. This addition concerns the transfer pricing adjustment required to arrive at an arm’s length price for international transactions.
Company’s Response
Datamatics is currently evaluating the merits of the matter and plans to exercise its right to file an appeal before the appropriate appellate authority within the stipulated timeframe. The company believes it possesses adequate factual and legal grounds to reasonably substantiate its position in this matter. Datamatics believes there is no material impact on the financials, operations or other activities of the Company.
Source: BSE
