India, April 2 -- PB Fintech lending tech arm Paisabazaar has been slapped with a demand notice of INR 9.32 Cr Income Tax (I-T) authorities in Delhi.

In an exchange filing on Tuesday, PB Fintech said that the Assistant Commissioner of Income Tax in Delhi has sent an assessment order to its subsidiary Paisabazaar under u/s 143(3) of the Income Tax Act, 1961.

The matter pertains to an order passed in November last year, wherein the assessment officer had disallowed expenses to the tune of INR 85.60 Cr under Section 37 of the IT Act during the assessment year 2023-24.

"During the assessment proceedings, the Company had duly provided all the necessary documents/information against these expenses, however AO has taken a contrary view and di...