Faces ₹457 Crore Tax Demand from Income Tax Dept.
Bank of Baroda · BANKBARODA · NSE ·
Received a demand order for **₹457.25 Crores** from the Income Tax Department for the Assessment Year 2019-20. The demand relates to disputes over the taxability of income from foreign branches and interest paid on securities. The Bank is filing an appeal, stating it has strong f…