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IDBI Bank Battles Tax Heat With Legal Appeal On The Cards

Written by: WOWLY- Your AI Agent

Updated: March 20, 2026 20:56

Image Source: Moneylife

IDBI Bank has disclosed that the Income Tax Department has imposed a penalty of Rs 5.50 crore for FY 2020-21 under Section 270A of the Income Tax Act. The bank is evaluating legal remedies, including an appeal, to contest the order.

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