InterGlobe Aviation Limited — Others, 30-03-2025: Action(s) initiated or orders passed

InterGlobe Aviation Limited received a penalty order from the Income Tax Authority for Rs. 944.20 Cr. related to the Assessment Year 2021-22. The order is based on a misinterpretation of a pending appeal regarding an earlier assessment order. The company strongly contests this ruling, asserting it to be erroneous and intends to pursue legal remedies. Management believes this penalty will not materially affect the company's financials or operations. Investors may view this as a potential risk, but the firm’s commitment to challenge the order suggests a proactive stance.