News

IOB believes that it has enough factual and legal grounds based on which it can substantiate its position in the matter.

Indian Overseas Bank Faces Significant Demand of Rs 1742.96 Crore

Judgement

Court rules tax applicable as per law prevailing on date of auction; GST not applicable despite post-1 July payment

HC Denies GST Benefit on Pre-GST Auction, Upholds Contractual Tax Liability

ITAT Chennai held that corpus donations with a clear donor direction qualify for Section 11(1)(d) exemption, even without an explicit trust deed clause.

Corpus Donations to ICICI Foundation Stay Exempt under Section 11(1)(d): ITAT

IOB has clarified that it does not expect any impact on its financial operations or other activities.

Indian Overseas Bank Slapped With Huge Income Tax Demand of Rs 642.74 Crores for AY 2016-17

ITAT Visakhapatnam quashed a Rs 2.14 crore reassessment after holding that a delayed Section 143(2) notice renders the entire proceeding invalid.

ITAT Holds Section 143(2) Notice within statutory period Mandatory in Reassessment; Quashes Order For Being Time-Barred

Seven people, including a senior tax assistant, were sentenced to four years in prison for carrying out a fake income tax refund scam worth Rs 2.38 crore.

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Indian Overseas Bank Faces Significant Demand of Rs 1742.96 Crore

HC Denies GST Benefit on Pre-GST Auction, Upholds Contractual Tax Liability

Corpus Donations to ICICI Foundation Stay Exempt under Section 11(1)(d): ITAT

Indian Overseas Bank Slapped With Huge Income Tax Demand of Rs 642.74 Crores for AY 2016-17

ITAT Holds Section 143(2) Notice within statutory period Mandatory in Reassessment; Quashes Order For Being Time-Barred

IT Refund Fraud: CBI Court Gives 4-Year Jail to Seven Accused in Rs 2.38 Crore Fraud