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Bajaj Auto receives Rs 3.5 crore tax demand from Assam authorities for excess input tax credit availed in FY 21-22. Company to appeal the order.

Mahindra & Mahindra has been slapped with a Rs 4.12 crore tax penalty for its two-wheeler business over input tax credit claims. The company plans to appeal the order.

ICICI Prudential Life Insurance has received a Rs 270 crore GST demand notice from Maharashtra authorities for alleged short payment in 2017-18. The company plans to appeal the order.