Legal30 Jun 2026, 07:48 am
Yes Bank to Receive ₹879 Cr Refund Post Tax Appeal Orders
AI Summary
Yes Bank Ltd has received a consolidated order from the Jurisdictional Assessing Officer (JAO) determining a refund of ₹879 Crores. This refund arises from appeals filed against assessment and reassessment orders for AY 2018-19. The initial reassessment order in March 2024 had raised an additional demand of ₹112.81 Crores. The appellate authority's orders in October and December 2025 led to this significant refund, which includes interest income and tax benefits exceeding the materiality threshold. The bank has hosted this information on its website as per SEBI regulations.
Key Highlights
- Yes Bank to receive ₹879 Cr tax refund.
- Refund follows successful appeals against tax assessment orders.
- Initial demand was ₹112.81 Cr; appellate orders reversed this.
- Refund includes interest and tax benefits exceeding ₹120 Cr threshold.
Price Impact
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