InterGlobe Aviation, the parent company of IndiGo, is currently dealing with a Rs 944.2 crore penalty imposed by the Income Tax department for the Assessment Year 2021-22. The company has labeled the order as erroneous and intends to seek legal recourse to address the issue. InterGlobe Aviation has reassured stakeholders that the penalty is not expected to have a substantial impact on its financials, operations, or overall business activities. The disagreement stems from an appeal that is still awaiting adjudication.
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InterGlobe Aviation faces Rs 944.2 crore tax penalty, plans legal action: IndiGo’s parent company disputes erroneous order.
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