Divi’s Laboratories Limited has received a draft order imposing certain additions/disallowances of Rs 570.51 crore on accounts of transfer pricing adjustments.
Saloni Kumari | Mar 23, 2026 |
Divi’s Laboratories Receives Rs 570.51 Crore Draft Order Over Transfer Pricing Adjustments
Divi’s Laboratories Limited has informed the Stock Exchange that it has received a Draft Assessment Order dated March 20, 2026, passed by the Assistant Commissioner of Income Tax, Central Circle-2(1), Hyderabad, under Section 144C(1) of the Income Tax Act, 1961, for the Financial Year 2022-23 (Assessment Year 2023-24). The company had received the order on March 21, 2026.
Through the order, the tax authorities had imposed certain additions/disallowances amounting to Rs 570.51 crore on the company’s income on the grounds of transfer pricing adjustments on specified domestic transactions and corporate tax adjustments.
According to the Draft Order, tax authorities will initiate penalty proceedings under Section 270A of the Income Tax Act, 1961. The company has claimed that it is not satisfied with the draft order and is planning to challenge the same before the appropriate judicial authorities within the allowed time limit.
The aforementioned disclosure has been made by the company through a regulatory filing dated March 21, 2026, addressed to the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), issued under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
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