InterGlobe Aviation, the parent company of IndiGo, is currently dealing with a hefty penalty of Rs 944.2 crore imposed by the Income Tax department for the Assessment Year 2021-22. The company has refuted the order, labeling it as erroneous, and is gearing up to explore legal options to challenge it. InterGlobe Aviation assured stakeholders that the penalty would not have a substantial impact on its financial standing, day-to-day operations, or overall business endeavors. The ongoing dispute stems from an appeal that is yet to be resolved through adjudication.

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InterGlobe Aviation hit with Rs 944.2 crore tax penalty, plans legal action amid dispute: IndiGo parent responds.
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