The Income Tax Department has imposed a penalty of ₹944 crore on IndiGo.
In response, IndiGo stated that the penalty was imposed due to a misinterpretation regarding the dismissal of their income tax appeal filed on behalf of the company.
Furthermore, the company mentioned that it plans to challenge the penalty through legal proceedings and will file an appropriate appeal against the Income Tax Department’s decision.
The background of this issue suggests that the tax authorities may have found discrepancies in certain tax-related calculations, which led to this penalty. Further details on the matter are awaited.
Facebook Comments Box
