Cummins India Penalized ₹95.25 Lakh by Income Tax Dept

Cummins India Ltd has received an order from the Income Tax Department's Assessment Unit levying a penalty of ₹95,25,757 under Section 270A of the Income Tax Act, 1961, for the assessment year 2018-19. The penalty is reportedly due to an underlying adjustment made during assessment proceedings. The company is evaluating legal remedies, including an appeal, as it believes the order was passed without adequate opportunity for submissions. Cummins India states the penalty will not have a material impact on its financials or operations. The intimation was made on September 29, 2026.