Thomas Cook (India) Limited has received an order from the Commercial Tax Officer in Chennai regarding a tax demand. The authority has raised a demand for INR 33,30,988 along with interest of INR 18,57,870 and a penalty of INR 3,33,098. The company has stated that it will appeal the order and does not expect any material financial or operational impact on its business activities.
Details of the Tax Order
On May 25, 2026, Thomas Cook (India) Limited was served an order by the Commercial Tax Officer, Group-IX, Intelligence-I, Chennai. The order pertains to the adjustment of Input Tax Credit (ITC) against tax liabilities associated with a 5% turnover tax bracket. The total financial implication includes the principal tax demand of INR 33,30,988, interest amounting to INR 18,57,870, and a penalty of INR 3,33,098.
Company Response and Outlook
The company maintains a strong position regarding the merits of its case. In response to the order, management has initiated the necessary legal steps to file an appeal before the appropriate higher authority. Thomas Cook (India) Limited has clarified that the current order is not expected to have any material financial or operational impact on the company’s day-to-day business or overall financial health.
Source: BSE
