InterGlobe Aviation to challenge tax demands worth over Rs 1,666 crore

InterGlobe Aviation, the parent of the country’s largest airline IndiGo, on Wednesday said it will challenge tax demands worth over Rs 1,666 crore. The Commissioner of Income Tax-Appeals (CIT-Appeal) has passed orders related to tax demands for the assessment years 2016-17 and 2017-18.

In a regulatory filing, the company said a demand of “INR 7,396.76 million (AY 2016-17) and INR 9,270.31 Million (AY 2017-18) was raised by the Assessing officer, against which the Company had preferred appeal before CIT-Appeal”.