Scoreboard
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WeWork India has received a tax order from the CGST Gurugram Commissionerate alleging excess input tax credit claims between April 2019 and March 2023. The order demands recovery and imposes penalties totaling over โน13 crore, though the company plans to appeal and expects no material financial impact.
Bank of Maharashtra has announced a revision in its Marginal Cost of Funds Based Lending Rate (MCLR), effective March 31, 2026. The overnight MCLR has been reduced, while other tenors remain unchanged, signaling a calibrated approach to lending rate adjustments in the current financial environment.
Punjab National Bank (PNB) has announced that its Marginal Cost of Funds Based Lending Rates (MCLR) and Repo Linked Lending Rate (RLLR) will remain unchanged from April 1, 2026, signaling stability in borrowing costs for retail and corporate customers.
Prism Johnson Limited has disclosed that the Income Tax Department has raised a demand of Rs 28,23,82,920 for AY 2024-25. The company plans to appeal the order, asserting that the disallowances made were unjustified.
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