Styrenix Performance Materials Limited has received an order from the Deputy Commissioner of Income-tax regarding transfer pricing for the financial year 2013-14. The order relates to international transactions, but there is no immediate tax demand as the addition to total income has been offset against prior business losses. The company is evaluating options and retains the right to appeal.
Income Tax Order Received
Styrenix Performance Materials Limited has received an order from the Deputy Commissioner of Income-tax concerning transfer pricing for the assessment year 2013-14. The communication was received on January 28, 2026.
Details of the Order
The order, issued under section 143(3) r.w.s. 144C r.w.s. 147 of the Income Tax Act, pertains to transfer pricing matters related to the company’s international transactions during AY 2013-14.
Financial Impact and Next Steps
Importantly, there is no immediate tax demand resulting from this order, as the addition to total income has been effectively offset against the company’s brought-forward business losses. The company is currently evaluating the merits of the matter and will exercise its right to file an appeal before the Income Tax Appellate Tribunal within the stipulated timelines. The company believes that this order will not have a material impact on its financial position or operations.
Source: BSE
