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Image Credit: Bloomberg Quint

Swiggy Gets Rs 158-Crore Assessment Order From Income Tax Department

  • Swiggy Ltd. has received a Rs 158.25 crore assessment order from the Income Tax Department.
  • The tax evasion allegations pertain to cancellation charges paid to merchants and interest income on income tax refund.
  • Swiggy believes it has strong arguments against the order and is taking necessary steps to protect its interests.
  • Shares of Swiggy closed marginally higher, and analysts have mixed ratings on the stock.

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