SBI gets Rs 63,375 crore tax demand for AY24, to challenge order

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The State Bank of India has been issued an income tax demand of Rs 63,375 crore for the assessment year 2023-24. The bank plans to challenge this order, citing similar ongoing litigation for earlier years. SBI stated the demand stems from disallowances made during scrutiny assessment proceedings.

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SBI gets Rs 63,375 crore tax demand for AY24, to challenge order

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