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Swiggy Limited has received a tax demand of INR 53.47 crore, plus interest of INR 45.45 crore, from the Income Tax Department for the period April 2017 to March 2018, related to non-deduction of tax on cancellation charges to merchants. The company intends to appeal the order, asserting a strong case on merits. They believe this development will not majorly affect their financials or operations. Investors may view this as a neutral impact given the company's confidence in contesting the order, though monitoring the appeal's outcome is advisable.