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Markets / The Economic Times

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IndiGo shares in focus as InterGlobe Aviation faces Rs 117 crore tax penalty

InterGlobe Aviation, the parent of IndiGo, disclosed receiving a Rs 117.52-crore penalty order from the CGST authorities for alleged wrongful input tax credit claims for FY19 and FY22. The company maintains the order is erroneous and plans to contest it, asserting no material impact on its financials. IndiGo shares fell 1.6% as investors awaited clarity on the dispute.

3 Dec 2025 8:56 am