IT dept rejects PB fintech subsidiary’s Rs 86 Cr expense claim, issues Rs 9 Cr demand notice

The Income Tax Department has disallowed Rs 85.6 crore in expenses claimed by PB Fintech’s subsidiary, Paisabazaar Marketing and Consulting Pvt. Ltd., for fiscal 2023-24. The Assistant Commissioner of Income Tax issued the order on March 31 stating that the company failed to substantiate the expen