Mastek Ltd

💰 Mastek Faces Rs. 123.58 Crore Tax Assessment Order – Disputes Calculations

- Final Assessment Order received from Income Tax Dept for FY 2022-23.

- Transfer pricing addition of Rs. 90,95,38,080 under Section 92CA(3).

- Domestic tax addition of Rs. 32,62,88,114 to company income.

- Total additions: Rs. 1,23,58,26,194.

- Penalty proceedings initiated under section 270A.

- Order received on May 30, 2026.

- Company disputes computation, citing errors in tax liability, foreign tax credit, and advance tax credit issues.

- Plans to file objections with Appellate Authorities.

- No material financial impact anticipated at this stage.