Cummins India Limited Receives Rectification Orders from Income Tax Department
Cummins India Limited announced it received two rectification orders from the Dy. Commissioner of Income Tax, Pune, under Section 155(18) of the Income-tax Act, 1961. The orders pertain to financial year 2018-19, with a demand of INR 32.98 Crores, and financial year 2016-17, with a demand of INR 12.84 Crores.According to the company's evaluation, the demands were raised due to errors apparent on the face of the record. Cummins India Limited is currently pursuing remedial actions with the relevant authorities to resolve the issues and expects the demands to be quashed.
The company stated that the demands have no material impact on its financials or operational activities. The demand order for FY 2018-19 was received on March 30, 2026, while the demand order for FY 2016-17 was received on March 27, 2026. A delay in communication was attributed to the concerned team analyzing the impact of the order.
| Sr. No. | Particulars | Information of such event(s) | Information of such event(s) |
|---|---|---|---|
| 1 | Name of the authority | Dy. Commissioner of Income Tax, Pune | Dy. Commissioner of Income Tax, Pune |
| 2 | Nature and details of the action(s) taken or order(s) passed | Rectification order has been received under Section 155(18) of the Income-tax Act, 1961 pursuant to Form 69 filed for withdrawal of claim of Secondary and Higher Education Cess for FY 2018-19. A demand of INR 32.98 Crores have been raised due to certain errors apparent on the face of the record. The Company is in the process of pursuing appropriate remedial actions with the relevant authorities to resolve the aforesaid issue, pursuant to which the demand is expected to be quashed. | Rectification order has been received under Section 155 (18) of the Income-tax Act, 1961 pursuant to Form 69 filed for withdrawal of claim of Secondary and Higher Education Cess for FY 2016-17. A demand of INR 12.84 Crores have been raised due to certain errors apparent on the face of the record. The Company is in the process of pursuing appropriate remedial actions with the relevant authorities to resolve the aforesaid issue, pursuant to which the demand is expected to be quashed. |
| 3 | Date of receipt of direction or order, including any ad- interim orders, or any other communication from the authority | Demand order received on 30 March, 2026 | Demand order received on 27 March, 2026 |
| 4 | Details of the violation(s) / contravention(s) committed or alleged to be committed | No violations have been identified in the order | No violations have been identified in the order |
| 5 | Impact of financial, operation or other activities of the Listed entity, quantifiable in monetary terms to the extent possible | The demand levied has neither any material impact on the financials of the Company nor has any impact on operational or other activity of the Company. | The demand levied has neither any material impact on the financials of the Company nor has any impact on operational or other activity of the Company. |
| 6 | Reason for delay in intimation of receipt of Order | Not applicable | The concerned team was analysing the impact of the order, hence the said delay. |
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