Income Tax Department imposes Penalty of Rs. 5.50 Cr on IDBI Bank:
Income Tax Department imposes Rs. 5.50 crore penalty on IDBI Bank Income tax penalty IDBI Bank Income Tax Department imposes Rs. 5.50 crore penalty on IDBI Bank
Income tax penalty IDBI Bank
CA Deepak Gupta
Mar 20, 2026Income Tax Department imposes Penalty of Rs. 5.50 Cr on IDBI Bank
Assessment Unit Income Tax Department has imposed a Penalty of Rs. 5.50 crore on IDBI Bank Ltd. This was informed by the Bank, pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015. The Bank has received Order under section 270A of the Income Tax Act, 1961 on March 20, 2026.
This Penalty is on account of additions sustained by Assessing Officer (AO) during the course of set aside assessment for FY 2020-21.
This Penalty is on account of additions sustained by Assessing Officer (AO) during the course of set aside assessment for FY 2020-21.About Author
CA Deepak Gupta
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