Thomas Cook (India) Limited announced the receipt of an order resolving a significant pending tax dispute related to Assessment Year 2017-18. The dispute involved a demand of Rs. 1,341.1 Million. Following the resolution, the company confirmed that there will be no financial impact on its operations or financial position. The order was officially received on March 6, 2026, closing the matter.
Resolution of Major Tax Dispute
Thomas Cook (India) Limited has informed the stock exchanges regarding the successful resolution of a longstanding tax dispute. The matter pertained to a demand notice concerning the Assessment Year (AY) 2017-18.
The company received the order on March 6, 2026, from the Office of The Assistant Commissioner of Income Tax Circle 1(3)(1), Mumbai. This order addresses and resolves the pending dispute related to the demand valued at Rs. 1,341.1 Million.
Impact Assessment
Crucially, the management has confirmed the positive outcome of the proceedings. As detailed in the regulatory filings, the Demand has been resolved with no financial impact. Therefore, this development is not expected to affect the company’s financial operations or other activities moving forward.
The action taken by the tax authority was an Order under Section 143(3) read with Section 254 of the Income-tax Act, 1961. The company confirmed that no contravention or violation was alleged or committed in this context.
Source: BSE
