General Insurance Corporation of India Receives Rs 350.47 Crore Income Tax Demand Notice for AY 2023-24
Published on: April 11, 2026, 6:20 a.m. | Source: scanx.trade
General Insurance Corporation of India received an income tax demand notice of Rs 350.47 crores for assessment year 2023-24 from the Income Tax Department, Mumbai. The demand includes various additions such as transfer pricing adjustments of Rs 88.84 crore and disallowances across multiple categories. The company plans to appeal before the National Faceless Appeal Centre within 30 days and expects no immediate financial impact.
