Mumbai, March 20 (IANS) State Bank of India on Friday said it has received an income tax demand of Rs 63,375 crore for the assessment year 2023–24 and said it will challenge the order.The public lender lender informed stock exchanges that it has received a tax demand notice from the Income Tax Department following scrutiny assessment proceedings.The order, dated March 19, 2026, includes a total demand of Rs 63,375 crore, which also covers interest.The bank said the demand has been raised due t…
Latest Assessment Unit News & Updates
Mumbai, March 18 (IANS) Edtech firm PhysicsWallah Limited has received an income tax demand of Rs 263.34 crore, according to a disclosure made to stock exchanges on Wednesday. The company said it received the assessment order and demand notice on March 16.The order, issued by the Assessment Unit of the Income Tax Department, has treated investments received by the company during the Assessment Year 2023–24 as taxable income.These investments included funds from various investors, such as SEBI-…
Mumbai, Jan 24 (IANS) Hitachi Energy India Limited said on Saturday that it has received a tax demand notice from the Income-tax Department for the assessment year 2022–23, asking the company to pay Rs 26.07 crore. This amount includes Rs 16.40 crore as income tax and Rs 9.67 crore as interest, according to the company’s exchange filing.The company said it received the order from the Assessment Unit on January 23, 2026, at around 3:39 pm.According to Hitachi Energy India, the tax demand is l…