Vaibhav Global Faces ₹2,048 Crore Transfer Pricing Draft Order, Plans to Contest

Vaibhav Global Limited has received a draft assessment order from the Income Tax Department for AY 2022–23, proposing adjustments of ₹2,048 crore under transfer pricing norms. The order, issued under Section 144(C), relates to inter-company transactions in its global operations. The company has stated it will file objections before the Dispute Resolution Panel, citing its strong track record, including favorable rulings from the ITAT in past transfer pricing cases. It currently does not expect a material financial impact, as no penalties have been imposed and the final order is pending. Transfer pricing disputes are common for multinational firms, but Vaibhav Global’s confidence reflects its belief in compliance with arm’s length principles. The final outcome will be crucial for investors, as it could set a precedent for future assessments.