|WNS (HOLDINGS) LTD filed this Form 6-K on 01/31/2019|
In addition, we currently have orders of assessment pertaining to similar issues that have been decided in our favor by appellate authorities, vacating tax demands of ₹2,933 million ($42.0 million based on the exchange rate on December 31, 2018) in additional taxes, including interest of ₹905.8 million ($13.0 million based on the exchange rate on December 31, 2018). The income tax authorities have filed appeals against these orders at higher appellate authorities.
In case of disputes, the Indian tax authorities may require us to deposit with them all or a portion of the disputed amounts pending resolution of the matters on appeal. Any amount paid by us as deposits will be refunded to us with interest if we succeed in our appeals. We have deposited a portion of the disputed amount with the tax authorities and may be required to deposit the remaining portion of the disputed amount with the tax authorities pending final resolution of the respective matters.