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

Deepak Gupta | Mar 20, 2026 |

Income Tax Department imposes Penalty of Rs. 5.50 Cr on IDBI Bank

Income 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.

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Deepak Gupta
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CA Deepak Gupta,is Co-founder of Studycafe. He is Microsoft Office Specialist and Corporate Trainer of AI Tools, Microsoft Excel. He is Finance Influencer having more than 250K followers on Social Media. CA Deepak Gupta, is Having more than 14 plus years of experience, and he has Worked with best brands Like, Hero, Wipro, Ericsson before Starting Studycafe. He has Trained more than 20000 Persons in Microsoft Excel, PowerPoint, Power BI, Google Sheet, Google Forms and Other Tools.

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