Nature of the Event
Cummins India Limited has filed a regulatory disclosure intimating that the Income Tax Department has filed appeals before the Hon'ble Bombay High Court. This action challenges a previous order from the Income Tax Appellate Tribunal (ITAT) that had granted relief to the Company.
Key Quantitative Figures
The dispute pertains to adjustments amounting to ₹210.77 crores, which were the subject of the original ITAT order. The company estimates the potential tax impact of this appeal to be approximately ₹72.88 crores.
Dates of Action
The company became aware of the appeals being filed on July 8, 2026, through communication from its Advocate-on-Record and information available on the Hon'ble Bombay High Court's website. This intimation to the stock exchanges was made on July 9, 2026.
Parties Involved
The appeal has been filed by the Income Tax Department against Cummins India Limited. The legal proceeding is before the Hon'ble Bombay High Court, contesting an earlier order from the Income Tax Appellate Tribunal (ITAT).
Current Status and Further Information
The company has not yet received formal intimation or copies of the appeal papers from either the Hon'ble Bombay High Court or the Income Tax Department. This disclosure is based on the ITAT order and the information presently available. The company states that any further submissions or updates will be provided upon receipt and review of the detailed appeal papers.
Other Details
The disclosure confirms that the litigation is not against key management personnel, promoters, or ultimate persons in control. There is no settlement of proceedings, and no reason for delay is applicable.
#Tags: #CumminsIndia #IncomeTaxAppeal #SEBIDisclosure #RegulatoryCompliance #TaxLitigation #Neutral