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LIC Mumbai Branch Faces INR 3,529 Crore Income Tax Demand

LIC Mumbai Branch Faces INR 3,529 Crore Income Tax Demand

LIC, India's premier insurance company, finds itself grappling with another financial challenge. The Mumbai branch of LIC is facing a substantial income tax demand amounting to INR 3,529 crore.

This latest development adds to the company's financial complexities, potentially impacting its operations. The demand comes amid a dynamic economic landscape, shedding light on the regulatory scrutiny faced by major corporations.

This demand raises questions about the financial health and management of LIC, a key player in the Indian insurance sector. As investigations unfold, stakeholders and industry observers will be closely monitoring the implications and resolutions that may follow.

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