Indigo calls Rs.944-cr tax order 'erroneous and frivolous'

New Delhi, March 31 -- InterGlobe Aviation, the parent company of country's largest airline IndiGo, has received a Rs.944.20-crore penalty order from the Income Tax department, which the airline termed "erroneous and frivolous".

In a regulatory filing on Sunday, IndiGo said the Assessment Unit of the Income Tax Department (Income Tax Authority) has passed an order imposing Rs.944.20 crore penalty for assessment year 2021-22. The company responded to the notice that was received on March 29, and said that the company will contest it.

"The order for said penalty under Income Tax has been passed on the basis of an erroneous understanding that an appeal filed by the Company before the Commissioner of Income Tax (Appeals) against the Assessmen...