Yes Bank received a rectification order on December 31, 2025, substantially reducing the additional tax demand for AY 2017-18. This follows an earlier disclosure on April 16, 2025, where an additional tax demand of ₹292.29 Crores was determined. The bank had filed a rectification application, and relevant proceedings are ongoing for the remaining balance.
Tax Rectification Update
Yes Bank has received a favorable rectification order regarding an earlier disclosed additional tax demand. The order, received on December 31, 2025, results in a significant reduction of the initially determined tax amount.
Background of the Issue
On April 16, 2025, Yes Bank informed stakeholders about an additional tax demand of ₹292.29 Crores determined by the Centralized Processing Center for the Assessment Year 2017-18. Following this determination, Yes Bank filed a rectification application with the Jurisdictional Assessing Officer (JAO).
Current Status
Based on the rectification order, the JAO has substantially reduced the additional tax demand. The bank continues to pursue relevant proceedings before the income tax authorities for the remaining demand.
Source: BSE
