Key Points
Bank of India on Sunday announced that it has been issued a demand notice totaling Rs 1,127.72 crore by the Income Tax Department's Assessment Unit, pertaining to the assessment year 2016-17...
The Bank has received a demand notice under section 156 of the Income Tax Act, 1961, pertaining to the annual year (AY) 2016- 17 wherein certain disallowances have been made, it said in an exchange filing...
According to the exchange filing the Bank is in the process of filing an appeal before the Commissioner of Income Tax (Appeals), National Faceless Appeal Centre (NFAC) against the said order within the prescribed timelines...
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