Thomas Cook (India) has announced the resolution of a long-pending income tax dispute pertaining to the Assessment Year AY 2017-18. The resolution involves a demand of Rs. 1,341.1 Million, which has now been settled as per an order received on March 6, 2026. The company confirms that since the demand has been resolved, there is no financial impact or change in operational activities moving forward, ensuring continuity for investors.
Resolution of Tax Demand Confirmed
Thomas Cook (India) Limited issued an official update regarding a significant pending litigation matter concerning its direct taxation liabilities. On March 6, 2026, the company received an official order from the Office of The Assistant Commissioner of Income Tax, Mumbai, resolving the dispute related to the Assessment Year AY 2017-18.
Financial Details and Impact Assessment
The original demand in dispute totaled Rs. 1,341.1 Million. The company has confirmed that the matter has been successfully concluded. Crucially, the management has stated that this resolution—which follows existing provisions under the Income-tax Act, 1961—has resulted in no material impact on the financial operations or any other activities of the Company.
Regulatory Disclosure Compliance
This development was formally disclosed to the stock exchanges to comply with disclosure requirements. The necessary details regarding the authority, the nature of the order, and the final outcome have been provided in the required annexures. The company has confirmed that no allegations of violation or contravention were established during the proceedings. Furthermore, there have been no changes in the status of proceedings involving key management personnel or promoters.
Source: BSE
