Yes Bank has received a partial order giving effect and income-tax computation statement from the Jurisdictional Assessing Officer determining the demand of ₹ 144.85 Crores (including interest amounting to ₹ 44.82 Crores) on March 17, 2025, in pursuance of the order passed by the Income-tax Appellate Tribunal for the Assessment Year 2015-16, according to the Company’s exchange filing.
The Bank is likely to pursue an appeal against the said OGE under the applicable law. “The Bank believes that it has adequate factual and legal grounds to reasonably substantiate its position in this matter and does not expect any material adverse impact on financial, operation or other activities of the Bank due to the said order,” Yes Bank said in their regulatory filing.
The Bank is in appeal against the Hon’ble Tribunal’s order before the Bombay High Court.
Source #ET
