Thomas Cook India Resolves Income Tax Dispute of ₹134.11 Crore
Thomas Cook (India) Limited resolved an income tax dispute involving a demand of ₹134.11 crore for AY 2017-18. The company received an order on March 6, 2026, from the Assistant Commissioner of Income Tax, Mumbai. The resolution has no financial impact on the company's operations.
The dispute involved a substantial amount of ₹134.11 crore, and its resolution, even without a direct financial impact, removes a point of uncertainty and potential future liability.
The resolution of a significant tax dispute with no financial impact is a positive development for the company.
Thomas Cook (India) Limited has received an order from the Office of the Assistant Commissioner of Income Tax, Mumbai, on March 6, 2026, resolving a pending dispute related to a demand of ₹134.11 crore (1,341.1 million) for Assessment Year 2017-18.
The company has provided details of this development as Annexure A and Annexure B, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The order was passed under Section 143(3) read with Section 254 of the Income-tax Act, 1961.
Thomas Cook (India) Limited has stated that since the demand has been resolved, there is no impact on the financial operations or other activities of the company. The company has also uploaded this intimation on its website.
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Thomas Cook (India) Limited filed this with the NSE as a statutory disclosure, categorised under litigation updates. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Thomas Cook (India) Limited. Read the original for the full detail.