{"id":4854,"date":"2024-05-17T04:58:33","date_gmt":"2024-05-17T04:58:33","guid":{"rendered":"https:\/\/balkansnews.com\/bank-of-india-gets-rs-564-cr-i-t-penalty-order-banking-finance-news\/"},"modified":"2024-05-17T04:58:33","modified_gmt":"2024-05-17T04:58:33","slug":"bank-of-india-gets-rs-564-cr-i-t-penalty-order-banking-finance-news","status":"publish","type":"post","link":"https:\/\/balkansnews.com\/sr\/bank-of-india-gets-rs-564-cr-i-t-penalty-order-banking-finance-news\/","title":{"rendered":"Bank of India gets Rs 564 cr I-T penalty order &#8211; Banking &#038; Finance News"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div id=\"pcl-full-content\">\n<p>The Income Tax department has levied a penalty of Rs 564.44 crore on Bank of India, the public sector lender said on Thursday.<\/p>\n<p>The bank is in the process of filing an appeal before the Commissioner of <a rel=\"noamphtml\" id=\"event-\" data-post-id=\"event-\" data-event-category=\"Keyword_To_URL_widget\" data-event-action=\"click\" data-event-label=\"AMP_3439923\" class=\"ie-click-event\" href=\"https:\/\/www.financialexpress.com\/money\/income-tax\/\">Income Tax<\/a><amp-analytics type=\"googleanalytics\" class=\"i-amphtml-layout-fixed i-amphtml-layout-size-defined\" style=\"width:1px;height:1px\" i-amphtml-layout=\"fixed\"\/>, National Faceless Appeal Centre (NFAC) against the order, it said.<\/p>\n<p><amp-img src=\"https:\/\/data.indianexpress.com\/election2019\/track_1x1.jpg\" alt=\"\" width=\"1px\" height=\"1px\" data-amp-original-style=\"display:none;\" class=\"amp-wp-93b8ea5 i-amphtml-layout-fixed i-amphtml-layout-size-defined\" style=\"width:1px;height:1px\" i-amphtml-layout=\"fixed\"\/><\/p>\n<p>\u201cThe bank has received the order under Section 270A of the Income Tax Act, 1961 from the Income Tax Department, Assessment Unit pertaining to AY2018-19, wherein the penalty of Rs 564.44 crore has been imposed on various disallowances made,\u201d it said in a regulatory filing.<\/p>\n<p>Looking to the precedence\/orders of appellate authorities, the bank believes that&#8230;<\/p>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.financialexpress.com\/business\/banking-finance-bank-of-india-gets-rs-564-cr-i-t-penalty-order-3439923\/lite\/\">\u0418\u0437\u0432\u043e\u0440 \u043b\u0438\u043d\u043a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Income Tax department has levied a penalty of Rs 564.44 crore on Bank of India, the public sector lender said on Thursday. The bank is in the process of filing an appeal before the Commissioner of Income Tax, National Faceless Appeal Centre (NFAC) against the order, it said. \u201cThe bank has received the order [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[390],"tags":[1934,1251,1937,1935,1938,1936],"class_list":{"0":"post-4854","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-finance-sr","7":"tag-bank-of-india","8":"tag-banking","9":"tag-banking-news","10":"tag-boi","11":"tag-boi-penalty","12":"tag-income-tax"},"_links":{"self":[{"href":"https:\/\/balkansnews.com\/sr\/wp-json\/wp\/v2\/posts\/4854","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/balkansnews.com\/sr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/balkansnews.com\/sr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/balkansnews.com\/sr\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/balkansnews.com\/sr\/wp-json\/wp\/v2\/comments?post=4854"}],"version-history":[{"count":0,"href":"https:\/\/balkansnews.com\/sr\/wp-json\/wp\/v2\/posts\/4854\/revisions"}],"wp:attachment":[{"href":"https:\/\/balkansnews.com\/sr\/wp-json\/wp\/v2\/media?parent=4854"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/balkansnews.com\/sr\/wp-json\/wp\/v2\/categories?post=4854"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/balkansnews.com\/sr\/wp-json\/wp\/v2\/tags?post=4854"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}