Ponni Sugars Transfer Pricing Order CIT-TP Chennai

Ponni Sugars (Erode) Ltd received a CIT-TP Chennai order dated March 27, 2026 under Section 263 of the Income Tax Act, 1961.
CIT-TP set aside TPO's earlier AY 2021-22 order on bagasse inter-unit transfer ALP determination, directing revised assessment.
Financial impact is described as material with multiple consequential effects over several years, though precise quantification is not possible.
Company intends to take appropriate legal action to challenge the CIT-TP order.