Sagility Income Tax Demand Revised to ₹56.68 Crore for AY 2023-24
Sagility Limited's income tax demand for AY 2023-24 has been revised from ₹100.00 crore to ₹56.68 crore following a rectification order dated 8 May 2026. The company received the order on 18 May 2026. Sagility believes the demand is not maintainable and has filed an appeal on 12 May 2026.
The company believes that the rectified assessment order has no material impact on the financials, operations or other activities of the Company.
The announcement primarily concerns a revised tax demand and ongoing appeal, without indicating a clear positive or negative outcome. Therefore, a neutral sentiment is most appropriate.
Sagility Limited announced that the Deputy Commissioner of Income Tax, Circle 6(1)(1) – Bengaluru, issued a rectification order on 8 May 2026, to the assessment order dated 14 April 2026, for the Assessment Year 2023-24 (corresponding to the financial year 2022-23). This order, passed under Section 154 read with Section 143(3), Section 144C(3), and Section 144B of the Income Tax Act, 1961, revises the income tax demand. The income tax demand now stands revised from ₹100,00,36,187 (including interest) to ₹56,68,06,083 (including interest). The company has already filed an appeal on 12 May 2026, with the Commissioner of Income Tax (Appeals) against adjustments made in the order.
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SAGILITY LIMITED filed this with the NSE as a statutory disclosure, categorised under taxation. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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See the model portfoliosA plain-language summary of a public exchange filing by SAGILITY LIMITED. Read the original for the full detail.