Thomas Cook (India) Limited has informed the Exchange about Update on litigation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
THOMASCOOK · price
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Awaiting price reaction for this filing.
Thomas Cook (India) has informed the exchanges about the resolution of a pending Income Tax dispute involving a demand of Rs. 1,341.1 million (approx. Rs. 134 crore) for Assessment Year 2017-18. The matter was with the Office of the Assistant Commissioner of Income Tax, Mumbai, and an order under Section 143(3) read with Section 254 of the Income-tax Act, 1961 was received on March 6, 2026. The company has stated that the demand has been resolved with no financial impact on its operations. No violation or contravention was committed.
Positive for shareholders — a long-pending tax demand of over Rs. 134 crore has been closed without any financial liability, removing an overhang on the stock and clearing uncertainty around the company's tax position for AY 2017-18.