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) Limited informed the exchanges that the Office of the Assistant Commissioner of Income Tax Circle 1(3)(1), Mumbai passed an order on March 6, 2026, resolving a previously pending income tax dispute for Assessment Year 2017-18. The original demand in this matter was Rs. 1,341.1 Mn (approximately Rs. 134 crore). The order was issued under Section 143(3) read with Section 254 of the Income-tax Act, 1961. The company stated that the demand has been resolved with no financial, operational, or other impact, and no penalty or compensation was paid. No violation or contravention was alleged or committed by the company.
Positive for shareholders — a potentially large tax liability of over Rs. 134 crore has been resolved without any financial hit, removing a long-pending overhang on the stock. This is a clean outcome with no payout required.