InterGlobe Aviation, the parent company of IndiGo, is currently dealing with a substantial Rs 944.2 crore penalty imposed by the Income Tax department for the Assessment Year 2021-22. The company has labeled this order as erroneous and intends to seek legal recourse to address the issue. InterGlobe Aviation has reassured stakeholders that this penalty is not expected to have a significant impact on its financial standing, day-to-day operations, or other business activities. The dispute stems from an ongoing appeal that is still awaiting adjudication.

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InterGlobe Aviation slapped with Rs 944.2 crore penalty by Income Tax department for AY 2021-22, plans legal action
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