Thomas Cook (India) Limited announced the resolution of a long-pending income tax dispute concerning the Assessment Year AY 2016-17. The order, received on March 9, 2026, related to a demand of Rs. 265.40 Million. The company confirmed that the demand has been resolved, and critically, this outcome has no impact on the financial operations or performance of the Company.
Resolution of Major Tax Dispute
Thomas Cook (India) Limited has reported a significant update regarding a pending litigation matter involving the tax authorities. On March 9, 2026, the Company received an official order from the Office of The Assistant Commissioner of Income Tax Circle 1(3)(1), Mumbai.
This order pertains to the resolution of a previously pending dispute involving a demand of Rs. 265.40 Million, which related specifically to the Assessment Year AY 2016-17.
Details of the Outcome
The specifics of the action taken by the authority were detailed as an Order u/s 143(3) r.w.s. 254 of the Income-tax Act, 1961. It is important to note that the Company confirmed that there were no violations or contraventions alleged.
Financial and Operational Impact
The Company has explicitly stated that since the initial demand has been successfully resolved, there is no impact on the financial, operational, or other activities of the listed entity. Consequently, no settlement terms, compensation, or penalties were required, ensuring financial stability following this closure.
Source: BSE
