RNS Number : 4131G
Axis Bank Limited
01 October 2024
 

 

 

October 1, 2024

 

Dear Sir/Madam,        

       

SUB:

Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

 

This is to inform you that the Income Tax Department, Additional DIT (I&CI) vide its Order dated September 27, 2024 and communicated to us vide their e-mail dated September 30, 2024, has imposed a monetary penalty of Rs. 50,000 (Rupees Fifty thousand only) under Section 271FAA of the Income Tax Act, 1961 (the Act), with regard to furnishing inaccurate information under Section 285BA(1)(k) of the Act.

 

The Bank is reviewing the Order and evaluating appropriate legal remedy, including filing an appeal, as per law.

 

The relevant information is attached as Annexure A.

 

This is for your information and records.

 

Thanking you.

 

Yours faithfully,

 

For Axis Bank Limited

 

 

 

Sandeep Poddar

Company Secretary

 

Encl.: As above.

 

CC: London Stock Exchange

        Singapore Stock Exchange

Annexure A

 

Sr No

Particulars

Details

1

Name of the Authority

Additional DIT (I&CI), Ahmedabad

2

Nature and details of the action(s) taken, initiated or order(s) passed

Order u/s. 271FAA of the Income Tax Act, 1961

3

Date of receipt of direction or order, including any ad-interim or interim orders, or any other communication from the authority

September 30, 2024

4

Details of the violation(s)/ contravention(s) committed or alleged to be committed

The Bank has received an order u/s. 271FAA in respect of furnishing inaccurate information u/s 285BA(1)(k) of the Income tax Act, 1961

5

Impact on financial, operation or other activities of the listed entity, quantifiable in monetary terms to the extent possible

Penalty levied amounting to Rs. 50,000/-

 

The Bank does not expect any material impact on financial, operation or other activities of the Bank due to the said order.

 

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
MSCFIFLEILLLIIS
Axis Bank 144a (LSE:AXBA)
Graphique Historique de l'Action
De Oct 2024 à Nov 2024 Plus de graphiques de la Bourse Axis Bank 144a
Axis Bank 144a (LSE:AXBA)
Graphique Historique de l'Action
De Nov 2023 à Nov 2024 Plus de graphiques de la Bourse Axis Bank 144a