Archive · 23 Sep 2025
Karur Vysya Bank Challenges Income Tax Notices in Court
Karur Vysya Bank is in a dispute with the Income Tax Department.
The bank received notices asking them to reassess their taxes for the years 2020-21, 2021-22, and 2022-23, so they are taking the matter to the Madras High Court.
The bank believes they have a good reason to challenge the notices and doesn't expect it to greatly affect their finances.
The bank's stock closed at ₹213.20 per share on the stock exchange.
Karur Vysya Bank filed petitions in the Madras High Court.
The bank is challenging reassessment proceedings from the Income Tax Department.
Notices concern assessment years 2020-21, 2021-22, and 2022-23.
The bank filed petitions on September 22.
Karur Vysya Bank believes the matter will not have a material impact.
- Who
- Karur Vysya Bank
- What
- Filed writ petitions challenging IT notices
- When
- September 22, 2025 (filing date). Reported on September 23, 2025
- Where
- Madras High Court
- Why
- Challenging reassessment proceedings
Karur Vysya Bank
Income Tax Department
Assessment Proceedings
Karur Vysya Bank
The bank is challenging the IT Department's reassessment proceedings.
Income Tax Department
The IT Department initiated reassessment proceedings.
- Company
- Karur Vysya Bank
- Event
- Filed writ petitions against IT notices
- Court
- Madras High Court
- Assessment Years
- 2020-21, 2021-22, 2022-23
- Share Price (September 23)
- ₹213.20
