Yes Bank to Receive ₹879 Crore Refund After Tax Litigation Outcome
Yes Bank will receive a refund of ₹879 Crores following favorable orders from the appellate authority in its income tax litigation for AY 2018-19. The refund includes interest income and tax benefits, exceeding the materiality threshold.
A tax refund of ₹879 Crores is a substantial financial event for the company, likely to have a significant positive impact on its liquidity and profitability.
The announcement details a significant tax refund of ₹879 Crores for Yes Bank, which is a positive financial outcome resulting from successful appeals against tax disallowances.
Yes Bank Limited has announced a significant development regarding its income tax litigation. The bank received an assessment order in February 2020 for assessment year 2018-19, which included certain additions and disallowances. Subsequently, a reassessment order was passed in March 2024, leading to an additional demand of ₹112.81 Crores, including interest.
Aggrieved by these orders, the bank filed appeals before the first level appellate authority. The appellate authority passed its orders on October 27, 2025, and December 30, 2025, respectively.
Following these orders, the bank has received a consolidated Order Giving Effect (OGE) from the Jurisdictional Assessing Officer (JAO) determining a refund of ₹879 Crores. This refund comprises interest income determined under Section 244A of the Income-tax Act and a tax benefit from a certain expense claimed in the income-tax return. The cumulative quantum of these two items exceeds the materiality threshold of approximately ₹120 Crores.
This information is being disclosed in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
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Yes Bank Limited filed this with the NSE as a statutory disclosure, categorised under taxation. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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