InterGlobe Aviation Limited — Others, 28-02-2025: Action(s) taken or orders passed

InterGlobe Aviation Limited has received a penalty of ₹1.30 crore from the Assistant Commissioner of State Tax in Ahmedabad, alleging denial of input tax credit for FY 2020-21. The company maintains that it has valid grounds for its claims and is considering legal options, including an appeal. Importantly, the management indicates that this issue will not significantly impact the company's financials, operations, or overall activities. Investors may view the firm’s proactive approach as a neutral factor, with a potential for a positive outcome if the appeal is successful.