<ul><li>The Income Tax Department has issued a tax demand of Rs 158.25 crore to Swiggy for the assessment year 2021-22.</li><li>The tax demand is related to alleged discrepancies involving cancellation charges paid to merchants and interest income on tax refunds.</li><li>Swiggy plans to contest the tax order and believes it has a solid case to safeguard its position.</li><li>Despite the tax claim, Swiggy assures that it will not have a major impact on its financial stability or business operations.</li></ul>

Swiggy faces Rs 158 Cr tax demand over alleged discrepancies; co plans to repeal

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