Cummins India has received rectification orders from the Deputy Commissioner of Income Tax, Pune, demanding ₹32.98 crore for the financial year 2018-19 and ₹12.84 crore for 2016-17. These demands were issued under Section 155(18) of the Income-tax Act, 1961, due to errors apparent on the record.
The company is actively pursuing remedial actions with the relevant authorities to address these issues, with expectations that the demands will be quashed. The rectification orders were received on 30 March 2026 for FY 2018-19 and on 27 March 2026 for FY 2016-17.
According to Cummins India, the demands do not have a material impact on the company’s financials or its operational activities. The company is confident in resolving the issues without significant consequences.
The orders were related to the withdrawal of claims for the Secondary and Higher Education Cess for the respective financial years. No violations or contraventions were identified in the orders.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).