InterGlobe Aviation Limited — Others, 26-02-2025: Action(s) taken or orders passed

InterGlobe Aviation has received a penalty of INR 13.91 crore from the Joint Commissioner in Lucknow regarding the denial of input tax credit for FY 2020-21. The company maintains that its claim was valid and is considering legal options, including an appeal. Importantly, it asserts that this issue will not significantly affect its financials or operations. For investors, while the potential legal proceedings may add some risk, the overall financial impact appears negligible, supporting a positive outlook on the company’s stability.