23 Sep 2025 | 3 Mins Read
Karur Vysya Bank contests IT notices, Madras HC orders challenged
Flipitmoney
Karur Vysya Bank filed writ petitions in the Madras High Court challenging Income Tax Department reassessment proceedings for assessment years 2020-23. Notices were received under Section 148 of the Income-tax Act, 1961. The bank believes it has adequate grounds to defend the matter, which is unlikely to impact its financial position.