https://www.taxtmi.com/news?id=39189 The Income Tax Department's assessment unit has imposed a penalty of Rs 944.20 crore on InterGlobe Aviation for assessment year 2021-22. The company contends the order is based on an erroneous understanding that its appeal before the Commissioner of Income Tax (Appeals) was dismissed, whereas that appeal remains pending, and states it will contest the order and pursue appropriate legal remedies while noting no material impact on its financials or operations. en-us Sun, 30 Mar 2025 19:01:05 +0530 Sun, 30 Mar 2025 19:01:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=39189 The Income Tax Department's assessment unit has imposed a penalty of Rs 944.20 crore on InterGlobe Aviation for assessment year 2021-22. The company contends the order is based on an erroneous understanding that its appeal before the Commissioner of Income Tax (Appeals) was dismissed, whereas that appeal remains pending, and states it will contest the order and pursue appropriate legal remedies while noting no material impact on its financials or operations. News - Sun, 30 Mar 2025 19:01:05 +0530 https://www.taxtmi.com/news?id=39189