Rubicon Research received an Income Tax Assessment Order for AY 2023-24, creating a demand of ₹172.5 crore.
The order includes additions/disallowances of ₹206.8 crore related to transfer pricing adjustments on international transactions.
The company is filing an appeal against the order and is confident in the merits of its case.
A show cause notice for penalty proceedings under section 270A has also been issued.