InterGlobe Aviation, the parent company of IndiGo, is in the spotlight as it faces a hefty penalty of Rs 944.2 crore from the Income Tax department for the Assessment Year 2021-22. The company has refuted the order, labeling it as erroneous, and has announced its intention to seek legal recourse. InterGlobe Aviation has reassured stakeholders that the penalty will not have a significant impact on its financial standing, operations, or overall activities. The dispute stems from an ongoing appeal awaiting adjudication.
InterGlobe Aviation’s parent company, IndiGo, hit with Rs 944.2 crore penalty by Income Tax department.
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