InterGlobe Aviation's parent company, IndiGo, hit with Rs 944.2 crore penalty by Income Tax department.
InterGlobe Aviation, the parent company of IndiGo, is in the spotlight as it faces a hefty penalty of Rs 944.2 crore from the Income Tax department for the Assessmen
InterGlobe Aviation, the parent company of IndiGo, is in the spotlight as it faces a hefty penalty of Rs 944.2 crore from the Income Tax department for the Assessment Year 2021-22. The company has refuted the order, labeling it as erroneous, and has announced its intention to seek legal recourse. InterGlobe Aviation has reassured stakeholders that the penalty will not have a significant impact on its financial standing, operations, or overall activities. The dispute stems from an ongoing appeal awaiting adjudication.