Fractal Analytics has received a draft assessment order, proposing a demand amounting to Rs 156.56 Crore on the grounds of certain transfer pricing and corporate tax adjustments.
Kashish Bhardwaj | Mar 27, 2026 |
Fractal Analytics Faces Rs 156.56 Crore Draft Demand Over Transfer Pricing and Corporate Tax Adjustments
Fractal Analytics Limited has informed the National Stock Exchange (NSE) Limited and Bombay Stock Exchange (BSE) Limited that it has received a draft assessment order from the Income Tax Department. The company said that this is only a preliminary communication and no immediate tax payment is required at this stage.
Background of the Case
The order was issued under Section 144C(1) of the Income Tax Act for Assessment Year 2023-24, proposing a total demand amounting to Rs 156.56 crore on the grounds of certain transfer pricing and corporate tax adjustments. The company said it received the communication on March 24, 2026, from the Income Tax Department. The company said the disclosure was made after reviewing the order, which was received after business hours.
Key Details of the Order
| Company Name | Fractal Analytics Limited |
| Type of Communication | Draft Assessment Order under Section 144C(1) |
| Date of Receipt | 24th March, 2026 |
| Authority | Assessment Unit, Income Tax Department of India |
| Assessment Year | AY 2023-24 (FY 2022-23) |
| Proposed Additions | Rs 156.56 crore |
| Reason | Transfer pricing and corporate tax adjustments |
| Immediate Tax Demand | No |
| Financial Impact | No immediate impact on demand after the final order |
| Penalty Proceedings | Possible under Section 270A |
| Company Action | Will file objections before the Dispute Resolution Panel |
| Disclosure Regulation | Regulation 30 of SEBI LODR |
Financial Impact
Fractal Analytics stated that there is no immediate financial impact because no tax is payable at present. Any financial implications will depend on the final assessment order. The company is currently reviewing the draft order and is soon anticipated to take appropriate steps.
Disclosure and Compliance
The disclosure has been made in line with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company said it plans to challenge the order before the Dispute Resolution Panel. Further added that it will update the stock exchanges if there are any further developments.
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