Swiggy receives ₹158 crore tax demand notice; plans to challenge order

Food and grocery delivery platform Swiggy on Tuesday said it received an assessment order with an additional tax demand of over Rs 158 crore for the period between April 2021 and March 2022.

The order has been issued by Deputy Commissioner of Income-tax, Central Circle 1 (1), Bangalore.

It relates to alleged contraventions including cancellation charges paid to merchants disallowed under Section 37 of the Income-tax Act 1961 and interest income on income tax refund not being offered to tax.