Swiggy Limited has received an income tax assessment order for the financial year 2021–22, with the Income Tax Department alleging tax liabilities totalling Rs 158.26 crore. The order, dated March 29, 2025, was issued by the Deputy Commissioner of Income-tax, Central Circle – 1(1), Bangalore.
The tax department cited two key grounds for the addition:
- Disallowance of cancellation charges paid to merchants under Section 37 of the Income Tax Act, 1961.
- Non-disclosure of interest income from income tax refunds.
Swiggy, however, stated that it believes it has a strong case on merits and intends to challenge the order through the appropriate appellate authorities. The company clarified that the order will not have any major adverse impact on its financials or operational activities.
The food delivery firm, recently renamed Swiggy Limited from Bundl Technologies, continues to operate its registered office in Bengaluru.
