IrTe2 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 IrTe2.