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ICICI Lombard gets tax notices for ₹3.4K-cr

April 02, 2025

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Financial Express Lucknow

ICICI LOMBARD GENERAL Insurance has received three income tax demand notices totalling over ₹3,453 crore for assessment years 2020-21, 2021-22 and 2023-24.

The notices were on account of disallowed marketing expenses, provisions for claims, non-deduction of TDS, and exempt income. The notices were issued by the Mumbai income tax department.

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