DIC India: Transfer Pricing Adjustment Reduced to Rs. 3,74,35,142
REGULATORY
● No Immediate Change
MEDIUM RISK
📅 Filed on BSE: 24 Oct 2026, 11:00 AM IST · BSE ID: 2113367c-aa9e-4c86-9acd-97dcb87ff612
View Original BSE Filing (PDF)
💡
In Simple Terms
DIC India's tax adjustment for international transactions was lowered by the tax authority based on a dispute panel's guidance.
🤖 AI Summary
- Transfer pricing adjustment for AY 2023-24 revised to Rs. 3,74,35,142 from Rs. 3,84,17,653.
- Order received from Deputy Commissioner of Income Tax, Transfer Pricing - 1, Kolkata.
- Revision follows directions from Dispute Resolution Panel-2 (DRP).
- Final order received by KMPs on October 23, 2026.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Revised Transfer Pricing Adjustment (AY 2023-24)
Rs. 3,74,35,142
Original Transfer Pricing Adjustment (AY 2023-24)
Rs. 3,84,17,653
Date of AO Order
224 October, 2026
Date of Receipt by KMPs
October 23, 2026 at 11:03 AM
🏢 How This Affects the Company
The revised transfer pricing adjustment reduces the potential tax liability compared to the initial determination. The company is evaluating filing an appeal, which could impact future financial outcomes.
This filing confirms the final order from the tax authority for the specified assessment year, reducing uncertainty regarding this specific adjustment. The potential for an appeal introduces ongoing regulatory risk.
👥 What This Means For Shareholders
✅
Action Required
No action is required by shareholders at this time. Monitor future company disclosures regarding appeal proceedings.
👤
Who Is Affected
All shareholders are affected by potential future financial implications arising from the finalization or appeal of this tax matter.
🔍
Management Signal
Management is actively engaging with tax authorities and utilizing dispute resolution mechanisms to manage tax liabilities.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Company disclosure on appeal filing status.
Any further communication from tax authorities.
Outcome of any appeal filed by the company.
MEDIUM RISK
Ongoing tax proceedings and the possibility of an appeal introduce financial and regulatory risk.
💡 Investor Takeaway
DIC India's transfer pricing adjustment for AY 2023-24 has been revised downwards to Rs. 3,74,35,142 from Rs. 3,84,17,653. The company is considering an appeal against the order.
⚖️ Strengths & Concerns
✅ Positives
- Transfer pricing adjustment reduced by Rs. 9,82,511 following DRP directions.
- Dispute Resolution Panel directions led to a lower final assessment for AY 2023-24.
⚠️ Concerns
- A revised transfer pricing adjustment of Rs. 3,74,35,142 has been confirmed.
- Company is evaluating filing an appeal against the Deputy Commissioner's order.
📅 Company Track Record
DIC India has previously faced GST demands, with some set aside on appeal (July 2026) and others confirmed (April 2026). The company has also been involved in legal disputes regarding recovery suits.
Based on publicly available historical data. For context only.
❓ Frequently Asked Questions
What is the revised transfer pricing adjustment for DIC India for AY 2023-24?
The revised transfer pricing adjustment for DIC India for AY 2023-24 is Rs. 3,74,35,142.
What was the original transfer pricing adjustment amount determined by the AO?
The original upward adjustment in income determined by the AO was Rs. 3,84,17,653.
Which authority issued the final order?
The final order was received from the Deputy Commissioner of Income Tax, Transfer Pricing - 1, Kolkata.
What led to the revision of the transfer pricing adjustment?
The revision was made pursuant to directions issued by the Dispute Resolution Panel-2 (DRP) under Section 144C(5) of the Income-tax Act, 1961.
Has DIC India decided to appeal the order?
The company is evaluating the order and prefers to file an appeal against the said order with the appropriate authority within the stipulated time.
Questions based on this BSE filing only. For information purposes.