Yes Bank in trouble? Rs 244 crore income tax demand notice served; time to EXIT stock?

is in trouble. The private sector bank on Wednesday (April 16) said that it has been served with a fresh income tax demand notice. As per a filing, tax authorities have served an additional tax demand of Rs 244.20 crore. Yes Bank said that the additional income tax demand of Rs 244.20 crore is linked to a reassessment and rectification process for the assessment year 2016-17.