Fractal Analytics Receives Draft Tax Assessment Order

Fractal Analytics Limited received a Draft Assessment Order under Section 144C(1) of the Income Tax Act, 1961 for AY 2023-24.
The Draft Order proposes total additions of INR 156.56 crore on account of transfer pricing and corporate tax adjustments.
No tax demand is currently payable; demand will crystallise post final assessment order, and penalty proceedings under Section 270A may be initiated separately.
The Company intends to file objections before the Dispute Resolution Panel in response to the Draft Order.