Sagility received a rectification order reducing its income tax demand for AY 2023-24 from ₹100.00 crore to ₹56.68 crore.
The demand stems from transfer pricing adjustments of ₹189.50 crore made by the Deputy Commissioner of Income Tax.
The company has filed an appeal against the order, believing the demand is not maintainable.
Sagility states the rectified order has no material impact on its financials or operations.