Yes Bank gets demand notice of Rs 2,209 crore from I-T dept
Yes Bank gets demand notice of Rs 2,209 crore from I-T dept
NEW DELHI: (Mar 29) Yes Bank on Saturday said it has received a demand notice of Rs 2,209 crore for the assessment year 2019-20.
The said assessment year was reopened by the income-tax department in April 2023, Yes Bank said in a regulatory filing.
The reassessment order was passed by the National Faceless Assessment Unit of the income-tax department on March 28, wherein no additional disallowances or additions were made, that is, the grounds on which the reassessment proceedings were initiated have been dropped, it said.
