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Intellect Design Arena Limited has provided an update concerning a recent GST appeal ruling. The company received an order where a demand of INR 72.17 crore and a penalty of INR 7.14 crore has been dropped, related to inter-company transactions from transfer pricing arrangements with its foreign subsidiaries. However, a smaller demand of INR 7.35 crore and a penalty of INR 0.96 crore were upheld by the appellate authority. The company plans to pursue legal remedies against this upheld demand. Notably, Intellect believes it has adhered to GST laws and does not anticipate a significant financial impact from this ruling, suggesting a positive outlook amidst the ongoing challenges.