IndiGo Hit with Huge Fine: These days, the Income Tax Department is adopting a strict stance towards companies. The Income Tax Department has sent a penalty order of Rs 944.20 crore to InterGlobe Aviation, the parent company of the country’s largest airline, IndiGo. The company said in an exchange filing on Sunday that this penalty has been imposed under the Income Tax Act 270A for the 2021-22 assessment year.
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IndiGo Hit with Huge Fine What is Companey Said
Along with this, the Joint Income Tax Commissioner of Chennai has also imposed a fine of Rs 2.84 crore on the company. IndiGo has called the income tax penalty baseless. The company said that the appeal filed against the assessment order under section 143 (3) is still pending, but the tax officials considered it dismissed and imposed a fine. The company further said that it would take legal action in this matter and challenge this order. The penalty has not had any major impact on revenue, operations or business.
Company Release Press Statement On IndiGo Hit with Huge Fine
The airline said in a statement, ‘The Income Tax Authority has passed an order imposing a penalty of Rs 944.20 crore for the assessment year 2021-22. This order has been passed on the basis of the wrong understanding that the appeal filed by the company before the Commissioner of Income Tax (Appeals) against the assessment order under section 143 (3) has been dismissed,While that is still ongoing and pending for decision.’
IndiGo Hit with Huge Fine: GST and Customs Department
- On 5 February, IndiGo received a tax demand notice of Rs 116 crore from the GST department. •Then the company was accused of irregularities related to input tax credit by the Delhi and Chennai officials.
- On January 15, the Customs Department imposed a fine of Rs 25 lakh for charging additional duty on jet fuel.
- On January 6, a fine of Rs 2.17 crore was imposed on the import of aircraft parts.
Share Performance
Indigo’s stock closed at Rs 5,100 on Friday with a decline of 0.54%. Indigo has given a return of 13.91% in the last one month and 6.53% in six months. The market capital of the company is Rs 1.98 lakh.
89.4 lakh people travelled by IndiGo in February Indigo airline carried the highest number of passengers in February. 89.4 lakh passengers travelled by IndiGo. After this, 38.3 lakh passengers travelled in Air India Group flights. Akasa Air was at the third spot with 6.58 lakh passengers travelling.
@flyspicejet#GOD_Sees_D_Truth_But_Waits
— 🇮🇳KammiThakur🇮🇳Reporter(Freelance),Writer (@KAMMITHAKUR10) March 30, 2025
Income Tax Department fined IndiGo ₹920 crore.This is d only airline which misbehaves with its regular customrs n charges heavy late fees for even d slightest delay. Also makes unparliamentary comments like,"I did nt go2call u from home". pic.twitter.com/cNYhbyYCjS
IndioGo Market Share in India
- India’s largest airline, IndiGo, remained the country’s most punctual airline for the third consecutive month.
- According to the February 2025 data of aviation regulator Director General of Civil Aviation (DGCA), 80.2% of IndiGo’s flights were on time at metro airports like Delhi, Mumbai, Bengaluru and Hyderabad.
- IndiGo’s market share was 63.7%
Jay Chavda He is the Founder and Writer of businesspulsecare.com. He is an I.T Engineer, Freelancer, Businessman. He posts Business, Stock/Share Market, Finance Related News and updates on the website. 🔗