PNB Housing Finance Limited has received an order dated December 22, 2025, from the Deputy Commissioner of Income Tax, Central Circle 14, Delhi, pertaining to Assessment Years (AY) 2019-20 and 2020-21. The order, passed under section 153C r.w.s.153A r.w.s.144 of the Income Tax Act, 1961, disallows certain revenue expenses and deductions, resulting in a total demand of ₹107,92,10,700/-, with ₹91,33,53,370/- for AY 2020-21 and ₹16,58,57,330/- for AY 2019-20. The company noted that the order contains inadvertent errors, including the application of incorrect tax rates. Consequently, PNB Housing Finance plans to file a rectification application under section 154 of the Income Tax Act, 1961, before the assessing officer. It was also stated that no additional disallowances were made beyond those identified in regular assessment proceedings, against which the company has already filed an appeal with the Income Tax Appellate Tribunal, Delhi. Based on its assessment, the company is hopeful of a favorable outcome and does not reasonably expect this matter to have any material financial impact.