City Union Bank Income Tax Assessment Order FY2024-25

City Union Bank received an income tax assessment order under Section 143(3) for Assessment Year 2024-25 on March 24, 2026.
The order reduces the bank's refund claim by ₹97,22,24,471, with nil additional demand raised.
Disallowances relate to deductions under Section 36(1)(viia) and 36(1)(vii); bank plans to file an appeal.
Bank asserts no material financial statement impact, citing favorable judicial precedents in its own case.