Cummins India Limited has informed the Exchange regarding rectification orders received by the Company.
CUMMINSIND · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Cummins India has received two rectification orders from the Deputy Commissioner of Income Tax, Pune under Section 155(18) of the Income-tax Act, 1961. The first order, dated March 30, 2026, raises a demand of INR 32.98 Crores for FY 2018-19, and the second, dated March 27, 2026, raises INR 12.84 Crores for FY 2016-17. Both demands stem from Form 69 filings related to withdrawal of the Secondary and Higher Education Cess claim. The company says these are errors apparent on record and plans to pursue remedial action, expecting the demands to be quashed. The company has confirmed there are no violations and no material impact on its financials or operations.
The combined tax demand of about INR 45.82 Crores is small relative to Cummins India's earnings and the company has clearly stated it has no material financial impact. Investors are unlikely to see a meaningful stock reaction, though the resolution timeline with tax authorities will be worth tracking.