  IrTe$_2$ has been renewed as an interesting system showing competing
phenomenon between a questionable density-wave transition near 270 K followed
by superconductivity with doping of high atomic number materials. Higher atomic
numbers of Te and Ir supports strong spin-orbital coupling in this system.
Using dynamical mean field theory with LDA band structure I have introduced
Rashba spin orbit coupling in this system to get the interpretation for
anomalous resistivity and related transition in this system. While no
considerable changes are observed in DMFT results of Ir-5d band other than
orbital selective pseudogap pinned to Fermi level, Te-p band shows a van Hove
singularity at the Fermi level except low temperature. Finally I discuss the
implications of these results in theoretical understanding of ordering in
IrTe$_2$.
