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

InterGlobe Aviation, the parent company of IndiGo, is currently facing a penalty of Rs 944.2 crore from the Income Tax department for the Assessment Year 2021-22. The company has deemed the order as erroneous and intends to seek legal recourse. IndiGo stated that this penalty will not have a substantial impact on its financial status, operations, or overall activities. The disagreement stems from an ongoing appeal that is yet to be resolved.

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