Announced Thu, 9 Jul · 19:32 IST
Income Tax dept appeals ITAT relief of INR 210.77 cr in Bombay HC
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CUMMINSIND · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+0.5%1-day move
₹5530.50
prior close
₹5567.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+1.8+1.6+1.9+1.7+0.5-0.5+0.6+1.3-1.8+0.9————
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AI summary
Income Tax Department has filed appeals with the Bombay High Court against an earlier ITAT order that had granted Cummins India relief on tax adjustments amounting to INR 210.77 crores. The company learnt of the appeal on July 8, 2026. Estimated tax impact is around INR 72.88 crores if the appeal succeeds. Appeal is pending admission; formal papers are awaited.
Likely market impact
Potential tax liability of about INR 72.88 crores if the High Court overturns the ITAT ruling. Outcome pending; monitor for updates.