State-owned general insurer New India Assurance Company has been issued an assessment order by the Income Tax Department asking it to pay more than ₹189.37 crore. The order for ₹1,89,37,08,470 is for assessment year 2023-24 and issued by the National Faceless e Assessment Centre, disallowing certain expenses, New India Assurance said in a filing on Tuesday (March 24, 2026). On the order’s impact, the insurer said the amount would be shown as a contingent liability in the financial statements. The company would also pursue an appeal before NFAC or other legal options against the said order. Published – March 24, 2026 10:42 pm IST Share this: Click to share on WhatsApp (Opens in new window) WhatsApp Click to share on Facebook (Opens in new window) Facebook Click to share on Threads (Opens in new window) Threads Click to share on X (Opens in new window) X Click to share on Telegram (Opens in new window) Telegram Click to share on LinkedIn (Opens in new window) LinkedIn Click to share on Pinterest (Opens in new window) Pinterest Click to email a link to a friend (Opens in new window) Email More Click to print (Opens in new window) Print Click to share on Reddit (Opens in new window) Reddit Click to share on Tumblr (Opens in new window) Tumblr Click to share on Pocket (Opens in new window) Pocket Click to share on Mastodon (Opens in new window) Mastodon Click to share on Nextdoor (Opens in new window) Nextdoor Click to share on Bluesky (Opens in new window) Bluesky Like this:Like Loading... Post navigation Karnataka High Court issues notice on PIL over hardships caused by Rajajinagar private school Regulator asks city gas distributors to make available piped gas to residential schools, colleges, hostels within five days