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Bloomberg Quint

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Image Credit: Bloomberg Quint

Yes Bank Gets Demand Notice Of Rs 292 Crore

  • Yes Bank has received a demand notice for Rs 292.29 crore for the assessment year 2016-17.
  • The bank says the demand appears to be unsubstantiated and will file a rectification application with JAO/CPC.
  • The Jurisdictional Assessing Officer passed a rectification order to correct the mistake in the reassessment order.
  • Yes Bank will pursue all available remedies, including filing an appeal before the first-level appellate authority.

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