I-T Dept. imposes ₹944 crore penalty on IndiGo; airline to contest order

I-T Dept. imposes ₹944 crore penalty on IndiGo; airline to contest order

The Revenue Tax Division has slapped a penalty of ₹944.20 crore on IndiGo. File
| Photograph Credit score: Reuters

The Revenue Tax Division has slapped a penalty of ₹944.20 crore on IndiGo, which stated it’ll contest the order that’s “misguided and frivolous.”

Additionally Learn | IndiGo faces penalty from Customs division; to contest order

The order was acquired by InterGlobe Aviation, the dad or mum of the nation’s largest airline IndiGo, on Saturday.

In a regulatory submitting on Sunday (March 30, 2025), IndiGo stated the evaluation unit of the Revenue Tax Division has handed an order imposing a ₹944.20 crore penalty for evaluation yr 2021-22.

“The order has been handed on the premise of an misguided understanding that the attraction filed by the corporate earlier than the Commissioner of Revenue Tax (Appeals) (CIT(A)) in opposition to the evaluation order below Part 143(3) has been dismissed, whereas the identical continues to be alive and pending adjudication,” it stated.

Based on the submitting, the corporate strongly believes that the order handed by the Revenue Tax Authority is just not in accordance with the legislation and is misguided and frivolous.

The corporate will contest the identical and shall take acceptable authorized treatments in opposition to the order, it added.

Additional, IndiGo stated the order doesn’t have any vital affect on financials, operations, or different actions of the corporate.

Leave a Reply

Your email address will not be published. Required fields are marked *