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Expleo Solutions Limited ( (IN:EXPLEOSOL) ) has issued an update.
Expleo Solutions Limited has disclosed that the Income Tax Appellate Tribunal ‘D’ Bench in Chennai has issued an order concerning the company’s assessment for the financial year 2021–22, following earlier proceedings before the Assessing Officer and the Dispute Resolution Panel. The case involves significant tax adjustments related to disallowances on service and reimbursement costs paid to subsidiaries and group companies, as well as additions arising from TDS reconciliation differences and interest on trade receivables, leading to a total tax demand of Rs. 25.38 crore, of which the company has already deposited 20 percent; the outcome underscores ongoing tax scrutiny over intra-group transactions and could have implications for Expleo’s financials and compliance posture depending on final resolution of the dispute.
More about Expleo Solutions Limited
Expleo Solutions Limited is an India-based company listed on both BSE and NSE, operating in the technology and professional services space, with a focus on providing IT and engineering-related solutions to clients. The company serves domestic and international markets, leveraging group and subsidiary networks for service delivery and cost-sharing arrangements.
Average Trading Volume: 888
Technical Sentiment Signal: Sell
Current Market Cap: 14.08B INR
For a thorough assessment of EXPLEOSOL stock, go to TipRanks’ Stock Analysis page.