<ul><li>The Income Tax Department has disallowed Rs 85.6 crore in expenses claimed by PB Fintech’s subsidiary, Paisabazaar Marketing and Consulting Pvt. Ltd.</li><li>The Income Tax Department issued a demand notice of Rs 9.32 crore to PB Fintech.</li><li>PB Fintech plans to file a rectification application under Section 154 of the Income Tax Act.</li><li>PB Fintech stated that the disallowed expenses can be adjusted against carried-forward losses, resulting in no additional tax liabilities.</li></ul>

IT dept rejects PB fintech subsidiary’s Rs 86 Cr expense claim, issues Rs 9 Cr demand notice

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