Thomas Cook (India) Limited announced the resolution of a long-pending income tax dispute pertaining to the Assessment Year 2018-19. The company received an order on March 30, 2026, from the Deputy Commissioner of Income Tax, Mumbai, concerning a demand of Rs. 159.5 Million. Importantly, the company confirmed that since the demand has been resolved, there is no impact on the financial operations or activities of the company.
Resolution of Income Tax Dispute
Thomas Cook (India) Limited has formally informed the stock exchanges regarding the conclusion of a pending litigation concerning an income tax demand. This development relates to the Assessment Year 2018-19.
On March 30, 2026, the company received an order from the Office of the Deputy Commissioner of Income Tax Circle 1(3)(1), Mumbai. This order pertained to a previously disputed demand amount of Rs. 159.5 Million.
Impact Assessment
In compliance with disclosure norms, the company has detailed the outcome of this tax matter. The relevant details confirm that the Demand has been resolved. Consequently, the management has explicitly stated that this resolution results in no impact on the financial operations or other activities of the Company.
Furthermore, there are no adverse developments related to the proceedings that involve key management personnel or the promoter group, as these matters are Not Applicable to the resolution reached.
Source: BSE
