Cummins India Receives Tax Rectification Orders ₹45.82 Cr

Cummins India received two income tax rectification orders under Section 155(18) totalling ₹45.82 Crores for FY2018-19 and FY2016-17.
Demands of ₹32.98 Cr (FY2018-19) and ₹12.84 Cr (FY2016-17) arose from withdrawal of Secondary and Higher Education Cess claims via Form 69.
Company states demands are due to errors on record, expects them to be quashed, and confirms no material financial or operational impact.