Announced Tue, 1 Sept, 2026 · 22:42 IST
Karur Vysya Bank wins ITAT case; Rs 40.34 crore tax demand set aside
KARURVYSYA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+1.2%1-day move
₹347.75
prior close
₹345.60
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.2+0.5+0.4+0.4+1.2+0.4-1.7-1.9-2.1-3.6-6.9-6.5——
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AI summary
Karur Vysya Bank received a favourable order from the Income Tax Appellate Tribunal setting aside the Commissioner of Income Tax (Appeals) order for AY 2022-23 (FY 2021-22). The original tax demand of Rs 40.34 crore raised by the Assessment Unit has been fully quashed. The bank has confirmed there is no impact on its financials, operations or other activities.
Likely market impact
Positive: Rs 40.34 crore tax demand fully set aside, no financial hit; reinforces strong legal standing on prior tax issues.