Legal31 March 2026 at 05:41 pm
Cummins India Faces INR 32.98 Crores Demand from Dy. Commissioner of Income Tax, Pune for FY 2018-19 and INR 12.84 Crores for FY 2016-17
AI Summary
Cummins India Ltd. has received two rectification orders from Dy. Commissioner of Income Tax, Pune under Section 155(18) of the Income-tax Act, 1961. The first order is for financial year 2018-19 with a demand of INR 32.98 Crores, and the second order is for financial year 2016-17 with a demand of INR 12.84 Crores. The company believes that the demands have been raised due to certain errors apparent on the face of the record. Cummins India is pursuing appropriate remedial actions with the relevant authorities to resolve these issues, expecting the demands to be quashed. The orders are not expected to have any material impact on the financials or operational activities of the company.
Key Highlights
- Cummins India has received two rectification orders from Dy. Commissioner of Income Tax, Pune.
- The first order is for financial year 2018-19 with a demand of INR 32.98 Crores, and the second order is for financial year 2016-17 with a demand of INR 12.84 Crores.
- The company is pursuing remedial actions with the relevant authorities to resolve the issues and quash the demands.
- The demands are not expected to have any material impact on the financials or operational activities of the company.
- Orders are due to certain errors apparent on the face of the record.