Tax Penalty News - Latest Updates & Headlines
IndiGo faces Rs 944 crore tax penalty, calls it 'erroneous'
Mumbai, March 30: With the Income Tax Department imposing a penalty of Rs 944.20 crore on IndiGo, India's largest airline has termed the order "erroneous" and vowed to challenge it legally.
Nestle India faces Rs 69 lakh tax penalty
Mumbai, March 26: Nestle India Limited on Wednesday announced that it has been hit with a tax penalty of Rs 69.45 lakh after the Appellate Authority upheld an earlier order issued under the Customs Act, 1962.