By Admin 
Yes Bank said on Saturday that it has received a tax notice of Rs 2209 crore for assessment year 2019-20. In an official statement issued by the bank, it was told that it has received this notice under Section 156 from the Income Tax Department and it has demanded tax liability.
Yes Bank says that they will take appropriate legal steps against this notice of Income Tax Department. The bank further said that this tax notice is analyzed and is consulting to take appropriate steps as per legal and regulatory requirements.
It has been said on behalf of Yes Bank that due to this notice, there is no possibility of adverse effects on its finish, operations or any other activities.
The bank said that an order was received on 30 September in 2021 under Section 144 of the Income Tax Act 1961 for the Assessment Year 2019-20. In which the bank was given a refund according to the refunds claimed in the earlier income tax return. In April 2023, this respective assertion year was re-fired by the Income Tax Department.
In a statement issued by the bank, it was further stated that the Income Tax Department’s Faceless Unit passed the Re-Essence Order on March 28 in 2025 and no additions were made in it. In such a situation, the bank does not have any outstanding tax from the Income Tax Department.
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