Yes Bank Tax Demand Reduced to ₹292.29 Crore Post Rectification
Yes Bank Limited (YBL) has received a rectification order from the Jurisdictional Assessing Officer (JAO) on December 31, 2025, concerning an additional tax demand of ₹292.29 Crore determined for AY 2...
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Why is Yes Bank Limited in the news today?
Yes Bank Limited (YESBANK) is in the news due to the tax demand was substantially reduced, which is positive, but the proceedings for the balance demand are ongoing, indicating continued uncertainty. therefore, the sentiment is neutral.
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Yes Bank Tax Demand Reduced to ₹292.29 Crore Post Rectification
January 1, 2026, 02:56 AM
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More Details on This News
Yes Bank Limited (YBL) has received a rectification order from the Jurisdictional Assessing Officer (JAO) on December 31, 2025, concerning an additional tax demand of ₹292.29 Crore determined for AY 2017-18. This demand was initially raised by the Centralized Processing Center.
The bank had filed a rectification application with the JAO following the initial disclosure on April 16, 2025. As per the recent rectification order, the JAO has substantially reduced the additional tax demand. The bank is continuing with relevant proceedings before the income tax authorities for the remaining balance demand.
This information is being hosted on the bank's website and disclosed in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
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