Tag Archives: Income Tax Department

IndiGo, India's largest airline, has vowed to challenge the ₹944.20 crore tax penalty imposed by the Income Tax Department, calling the order “erroneous and frivolous.” The airline's parent company, InterGlobe Aviation, received the penalty order on Saturday, prompting IndiGo to announce its intent to seek legal remedies.

Bengaluru, March 31, 2024: Infosys Ltd, one of India's leading IT services companies, has announced that it anticipates a refund of ₹6,329 crore from the Income Tax Department. This revelation comes after the company received orders for assessment years spanning from 2007-08 to 2018-19 during the quarter.