ICICI Bank received an Order in Appeal on November 13, 2025, related to Telangana Goods and Services Tax. The order pertains to an earlier tax demand of ₹ 210,688 and a corresponding penalty of ₹ 21,068. The Appellate Joint Commissioner has set aside the original order, nullifying the demand. The bank had previously filed an appeal against the initial OIO.
Tax Appeal Update
ICICI Bank has received an Order in Appeal regarding a tax matter related to the Telangana Goods and Services Tax. The announcement was made on November 14, 2025.
Details of the Order
The appeal concerns an initial order regarding a tax demand of ₹ 210,688, with an additional penalty of ₹ 21,068. The initial order was disclosed on December 23, 2023. ICICI Bank had previously filed an appeal against this order.
Outcome of the Appeal
The Appellate Joint Commissioner has ruled in favor of ICICI Bank, setting aside the earlier demand. The demand has been disposed of and nullified following the successful appeal. The Order in Appeal was received on November 13, 2025.
Source: BSE
