Food Ant Grocery delivery platform Swiggy has received an assessment order notice of more than 158 crore tax from the Income Tax Department. The company said that it has been given this tax notice during the period from April 2021 to 2022 from the Deputy Commissioner, Central Circle, Bangalore, the Deputy Commissioner of the Iq Department.

Swiggy said in one of its exchange filing that the company received this assessment order during the March 2022 to 2022 March period. Additional income of 1,58,25,80,987 was added to it.

Significantly, these cases are related to alleged violations, in which the cancellation charge given to merchants to be rejected under Section 37 of the Income Tax Act, 1961. In addition, the interest received on income tax refunds involves not involving taxable income.

Swiggi believes that she has a strong case against the order and is taking necessary steps to protect her interests through review/appeal. The company said that this order would not adversely affect its financial and operations.

Swiggy is a popular online food ordering and delivery platform, which works for ordering and delivery from the restaurant. In 2014, it was made the platform. Swiggy has also become very popular in the life of the rush of cities, because many times people come from their office, when they do not feel like cooking, then through this, food is present in minutes.

Here, on the stock exchange, on the exchange on November, on November, the exchange was listed on the exchange. In the last just three months, the company’s stock has fallen by 38.88%. Since steps in the market, there is a huge pressure in the shares of the food delivery company.

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