What advance tax PNB will pay on March 15? Concern for I-T dept

With the advance tax deadline approaching fast, the income-tax (I-T) department has asked Punjab National Bank (PNB) about the treatment of Rs 129 billion, the amount involved in the letters of undertaking (LoUs) fraud, in its books, and the tax liability arising out of the scam.
 
I-T officials have questioned PNB Manging Director and Chief Executive Sunil Mehta and other officials to determine how the LoUs were recorded in the bank’s books.
 
“We are interested in PNB’s profitability. It is, after all, one of our largest taxpayers. We want to know how will it treat the Rs 129