Brief by Shorts91NewsDesk / 01:31pm on 30 Mar 2025,Sunday Business
The Income Tax Department has imposed a ₹944.20 crore penalty on IndiGo’s parent company, InterGlobe Aviation, for the assessment year 2021-22. IndiGo has termed the penalty as "erroneous and frivolous," stating that its appeal against the assessment order is still pending. The airline plans to challenge the order through legal channels and maintains that the penalty will not impact its financial position or operations. The dispute arises from the tax authorities’ interpretation of financial matters, which IndiGo believes is incorrect. The airline remains confident of a favorable resolution through due process. (PC: Reuters)
