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IndiGo gets Rs 944 crore tax penalty, calls it erroneous and frivolous

Summary by India Today

Budget carrier IndiGo's parent company said it had received a Rs 944 crore tax penalty order from the Income Tax Department. The company plans to contest the order and called it "frivolous and erroneous".

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IndiGo gets Rs 944 crore tax penalty, calls it erroneous and frivolous

2 days ago·India

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NewsX

Yes Bank Receives ₹2,200 Crore Tax Demand – What Led to It?

Yes Bank has received a tax demand notice of Rs 2,209 crore from the Income Tax Department for AY 2019-20, including Rs 243.02 crore in interest. The bank stated that the demand appears to be “without any basis.” The reassessment, conducted by the National Faceless Assessment Unit, did not make any fresh additions, leaving the originally assessed income unchanged. Despite this, the authorities raised a tax demand, which Yes Bank plans to challen…

8 hours ago

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Yes Punjab

Income Tax Dept asks Bosch to pay up Rs 20 crore

New Delhi, March 31, 2025 Auto components manufacturer Bosch Limited said on Monday that it has received a tax demand notice of more than Rs 20 crore from the Income Tax Department for the assessment year (AY) 2022-2023. The company informed the stock exchanges that the assessment order, dated March 28, raised a demand of Rs 18.36 crore as tax along with an interest of Rs 1.80 crore. “The company is in the process of preferring an appeal. No qua…

24 hours ago

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Mathrubhumi

InterGlobe Aviation slapped Rs 944 Cr penalty by I-T Dept; Airline calls order ‘flawed’

InterGlobe Aviation Limited, the parent company of IndiGo Airlines, has been issued a penalty order of INR 944.20 crore by the Income Tax Department for ...

1 day ago·Kerala, India

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indtoday.com

Income Tax Department Issues Tax Demand Notice To Bosch

New Delhi, March 31 : Auto components manufacturer Bosch Limited said on Monday that it has received a tax demand notice of more than Rs 20 crore from the Income Tax Department for the assessment year (AY) 2022-2023. Here To Join Us On WhatsApp The company informed the stock exchanges that the assessment order, dated March 28, raised a demand of Rs 18.36 crore as tax along with an interest of Rs 1.80 crore. “The company is in the process of pref…

1 day ago

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newstodaynet.com

IndiGo faces Rs 944 cr tax penalty - News Today

Mumbai, Mar 31: With the Income Tax Department imposing a penalty of Rs 944.20 crore on IndiGo, India’s largest airline has termed the order “erroneous” and vowed to challenge it legally. The airline’s parent company, InterGlobe Aviation, received the order on Saturday. In a regulatory filing on Sunday, IndiGo stated that the penalty pertains to the assessment year 2021-22. The company strongly believes that the order is not in accordance with…

1 day ago

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