Indian Overseas Bank Faces ₹5.59 Billion Tax Demand, Plans Legal Challenge

Unknown Apr 02, 2026 950 Views

Indian Overseas Bank (IOB), a public sector lender, has been served with a tax demand notice of ₹5.59 billion by the Income Tax Department under Section 156 of the Income Tax Act, 1961. The notice relates to disallowances and additions for the assessment year (AY) 2022-23. Key High...