Income Tax dept appeals ITAT relief of INR 210.77 cr in Bombay HC

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CUMMINSIND · price

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Price reactionminutes from the announcement price · days from the prior close

+1.6%Reaction day

₹5530.50

prior close

₹5567.00

announcement price

After-mkt

timing

Nifty 100market+1.1%+0.5% vs market

Compressors Pumps & Diesel Engines peers, median of 13sector+1.0%+0.6% vs sector

On the reaction day the stock moved 0.5 pts more than Nifty 100 and 0.6 pts more than its Compressors Pumps & Diesel Engines peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+1.8

10m

+1.6

15m

+1.9

30m

+1.7

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+1.6+1.1+0.5+1.0+0.6

Next day

+0.5+1.0-0.5+1.1-0.6

-0.5+0.4-0.9-0.8+0.4

+0.6+0.6-0.0-0.5+1.1

+1.3+0.5+0.8-1.5+2.8

-1.8+1.4-3.1-2.4+0.7

+0.9+1.1-0.2-0.4+1.3

15d

-0.3+2.0-2.3-3.1+2.8

-1.5+3.0-4.4-3.5+2.0

-6.8-1.4-5.4-5.2-1.6

-12.6-6.3-6.3-9.5-3.1

UpDownMarket · Nifty 100Sector · Compressors Pumps & Diesel Engines peers, median of 13Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

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.