InterGlobe Aviation faces Rs 944.2 crore tax penalty, plans legal action amidst reassurance of minimal impact.

InterGlobe Aviation, the parent company of IndiGo, is confronted with a hefty penalty of Rs 944.2 crore by the Income Tax department for the Assessment Year 2021-22. The company has deemed the order as inaccurate and intends to seek legal recourse, assuring stakeholders that it will not have a substantial impact on its finances, operations, or overall business endeavors. This disagreement stems from an ongoing appeal awaiting adjudication, showcasing a continuing legal battle between the aviation giant and the tax authorities.

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