Expleo Solutions Limited Receives Order from Income Tax Appellate Tribunal
Expleo Solutions Limited received an order from the Income Tax Appellate Tribunal on January 30, 2026. The tribunal dropped a ₹18.67 lakh transfer pricing addition. However, a ₹68.11 crore disallowance for non-deduction of TDS was remitted back to the Assessing Officer for fresh consideration. The company had previously paid ₹5.07 crore towards a ₹25.37 crore demand.
While a portion of the demand was remitted back for fresh consideration, the positive outcome on the transfer pricing addition mitigates some of the potential negative financial impact. The final resolution is still pending.
The outcome is mixed, with a favorable ruling on one issue (transfer pricing) but a remand on another significant issue (TDS disallowance), making the overall sentiment neutral.
Expleo Solutions Limited has received an order dated January 28, 2026, from the Income Tax Appellate Tribunal (ITAT), which was received on January 30, 2026. The tribunal has ruled in favor of the company by dropping the transfer pricing addition amounting to ₹18,67,077.
However, the disallowance on account of non-deduction of TDS under section 40(a)(i) on the gross amount, which was ₹68,11,29,132, has been remitted back to the Assessing Officer for fresh consideration. This matter pertains to the Assessment Year 2021-22, where an initial draft order was passed on December 29, 2023, with several additions to the total income. The company had previously preferred an appeal to the Dispute Resolution Panel-2, which provided some relief, but the ITAT's latest order remands a significant portion back for further review.
Previously, the company had filed an appeal on December 27, 2024, concerning a tax demand of ₹25,37,62,355. The Hon'ble Tribunal had stayed the recovery of this demand for a period of 180 days or until the disposal of the appeal, whichever was earlier, via an order dated July 25, 2025. The company had paid 20% of the total demand, amounting to ₹5,07,60,000. There are no compensation or penalties involved in this litigation.
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