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 grappling with a hefty Rs 944.2 crore penalty levied by the Income Tax department for the Assessment Year 2021-22. The aviation giant has denounced the order as erroneous and is gearing up to explore legal recourse, assuring stakeholders that the financials, operations, and overall functioning of the company will remain largely unaffected. The contentious issue stems from an ongoing appeal awaiting adjudication, underscoring the complexity of the matter at hand.

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