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State-owned wide insurer New India Assurance Company has been issued an appraisal bid by the Income Tax Department asking it to wage much than ₹189.37 crore.
The bid for ₹1,89,37,08,470 is for appraisal twelvemonth 2023-24 and issued by the National Faceless e Assessment Centre, disallowing definite expenses, New India Assurance said successful a filing connected Tuesday (March 24, 2026).
On the order’s impact, the insurer said the magnitude would beryllium shown arsenic a contingent liability successful the fiscal statements. The institution would besides prosecute an entreaty earlier NFAC oregon different ineligible options against the said order.
