PB Fintech Limited has received an order dated 31 December 2024 on 2 January 2025 from the Assistant Registrar, Income Tax Appellate Tribunal (ITAT), New Delhi wherein ITAT has sustained all the grounds of the appeal filed by the Company against the order of Commissioner of Income Tax-Appeal (CIT-A) for Fiscal Year 2015-2016 thereby leading to the deletion of additions amounting to INR 1,661.2 million made by the Assessing Officer and confirmed by CIT-A, National Faceless Appeal Centre (NFAC), Delhi. At this point in time, there is no impact on financial operation or other activities of the Company.
PB Fintech Limited is an India-based online marketing and consulting company. The Company is in the business of rendering online marketing and information technology consulting/support services for the financial service industry, including insurance. Its segments include Insurance services segment, which consists of insurance broker services and Other services segment, which consists of online marketing, consulting and support services. It provides access to insurance, credit and other financial products. It offers Policybazaar and Paisabazaar platform that addresses the online insurance and lending markets. The Policybazaar platform is an online platform for consumers and insurer partners to buy and sell core insurance products. The Paisabazaar is an independent digital lending platform that enables consumers to compare, choose and apply for personal credit products. Its platforms serve consumers with varied needs, credit profiles, demographics, employment types, and income levels.
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Investor
Investor
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Global
Global
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Quality
Quality
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