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Bank of India has received a demand notice from the Assessment Unit, Income Tax Department, pertaining to AY 2016-17 to the tune of Rs 1,127.72 crore.The Bank has received a demand notice under section 156 of the Income Tax Act, 1961, ...
According to the exchange filing the Bank is in the process of filing an appeal before the Commissioner of Income Tax (Appeals), National Faceless Appeal Centre (NFAC) against the said order within the prescribed timelines.
BOI has stated that it is currently in the process of lodging an appeal with the Commissioner of Income Tax (Appeals), National Faceless Appeal Centre (NFAC) against the order.
SML Isuzu Penalty By IT Dept.: The penalty pertains to the Assessment Year 2016-17, where the company allegedly committed violations or contraventions.
Supreme Court Reopening Of Income Tax Assessments : Supreme Court Refuses To Interfere With Delhi High Court's Guidelines To Tax Dept. Case Title: Asst. Commissioner Of Income Tax Versus Sabh...