Income Tax Department's Massive Penalty on IndiGo's Parent

The Income Tax department has imposed a staggering penalty of Rs 944.2 crore on InterGlobe Aviation, the parent company of IndiGo, for the Assessment Year 2021-22. The company has labeled the order as "erroneous and frivolous" and is gearing up to challenge it through legal avenues.

Legal Battle Ahead

InterGlobe Aviation asserts that the penalty is based on a misunderstanding regarding the status of its appeal before the Commissioner of Income Tax (Appeals). The company is confident that the order will not adversely affect its financial health, operational capabilities, or other corporate activities.

Company's Stance

An IndiGo spokesperson has strongly criticized the Income Tax Authority's decision, stating it is not in accordance with the law and is fundamentally flawed. The company is determined to pursue all available legal remedies to overturn the penalty.