Tax & Penalty25 May 2026, 07:51 pm
Thomas Cook India: ₹55.22 Lakh Tax, Interest, & Penalty
AI Summary
Thomas Cook (India) Ltd received an order from the Commercial Tax Officer, Chennai, confirming a demand of ₹33,30,988 for wrongly adjusted ITC, along with interest of ₹18,57,870 and a penalty of ₹3,33,098. The company intends to appeal the order and believes it has a strong case. The company does not anticipate a material financial or operational impact.
Key Highlights
- Thomas Cook received order from Commercial Tax Officer, Chennai on May 25, 2026.
- Order confirms demand of ₹33,30,988 for wrongly adjusted ITC.
- Interest of ₹18,57,870 and penalty of ₹3,33,098 levied under CGST Act.
- Company plans to appeal the order before the appropriate authority.
- Thomas Cook anticipates no material financial or operational impact.
Price Impact
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