Cummins India faces Income Tax Dept appeal in Bombay HC over ₹211 cr ITAT relief

Pune-based manufacturer of diesel and natural gas engines Cummins India Ltd on Thursday (July 09, 2026) informed exchanges that the Income Tax Department has filed appeals before the Bombay High Court against an Income Tax Appellate Tribunal (ITAT) order that had granted relief to the company in respect of adjustments amounting to ₹210.77 crore.

The company said it became aware of the appeals filed by the Income Tax Department on July 8, 2026, through communication received from its Advocate-on-Record in connection with other matters and information available on the Bombay High Court’s website.

The appeals are pending admission before the Bombay High Court. Cummins India said formal intimation and copies of the appeal papers from either the court or the Income Tax Department are awaited.

The company said the ITAT had earlier decided the matter in its favour by granting relief on adjustments amounting to ₹210.77 crore. Since the order is now under appeal, the company has made the disclosure based on the ITAT order and the information currently available.

Cummins India said any further submissions or updates will be made after receipt and review of the detailed appeal papers. The estimated tax impact arising from the matter is around ₹72.88 crore, the company said. There are no claims applicable in the matter.

In May this year, Cummins India said it is entering FY27 with a cautious outlook as global uncertainties and supply-side pressures continue to cloud visibility.

Shveta Arya, Managing Director, Cummins India, said the company continues to see robust demand in the domestic market, though challenges in the global supply chain, labour shortages, and rising input costs remain key concerns. These factors, she said, make it difficult to offer firm growth guidance for FY27 at this stage.

Even as exports remain under pressure amid geopolitical disruptions, Cummins India sees growth opportunities in areas such as data centres, railways, and mining. Arya noted that momentum in data centre inquiries and orders has remained strong, positioning the segment as a key growth driver for the company.

Source from: https://www.cnbctv18.com/market/stocks/cummins-india-share-price-faces-income-tax-dept-appeal-in-bombay-hc-over-rs-211-cr-itat-relief-19942326.htm

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