Hyderabad-based Divi’s Laboratories
“The company has received the Draft Order for FY22-23 (Assessment year 2023-24) wherein certain additions/disallowances amounting to ₹570.51 crore with respect to returned income has been proposed,’’ Hyderabad-based Divis informed the Bombay Stock Exchange on Saturday.
The additions proposed were on account of Transfer Pricing adjustments on specified domestic transactions and corporate tax adjustments.
As per the Draft Order, penalty proceeding will be initiated separately for alleged under reporting of income in respect of the addition, it said.
“The company is evaluating the Draft Order and prefers to file an appeal against the same with appropriate authority within the stipulated time,’’ it added.
Published on March 21, 2026