ITAT grants tax relief of Rs 210.29 Cr to Cummins India for FY 2017-18

Arbitration wonRegulatory & Legal View source PDF Explain this filing

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

+2.7%Reaction day

₹4402.30

prior close

₹4425.70

announcement price

After-mkt

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Nifty 100market · index membership as recorded later (tracked since Jun 2026)+0.8%+1.9% vs market

Compressors Pumps & Diesel Engines peers, median of 12sector+0.0%+2.7% vs sector

On the reaction day the stock moved 1.9 pts more than Nifty 100 and 2.7 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

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Reaction day

+2.7+0.8+1.9+0.0+2.7

Next day

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UpDownMarket · Nifty 100Sector · Compressors Pumps & Diesel Engines peers, median of 12Pending

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

AI summary

Income Tax Appellate Tribunal (ITAT) passed a favorable order for Cummins India for FY 2017-18, granting relief on tax adjustments worth Rs 210.29 Crores. Rs 13.11 Cr sent back to Assessing Officer for revalidation, and Rs 0.48 Cr disallowance upheld. Company is evaluating further action on the disallowance.

Likely market impact

Positive - tax relief of about Rs 210 Cr strengthens earnings; minor residual exposure on Rs 13 Cr revalidation and Rs 0.48 Cr.