Thomas Cook (India) Ltd has received an order confirming a tax demand of ₹10.2 million. The demand arises from tax proceedings and has been disclosed to stock exchanges in compliance with regulatory norms. The company is reviewing the order and considering appropriate legal options.
Thomas Cook (India) Ltd, a leading travel and financial services company, has informed stock exchanges that it has received an order confirming a tax demand amounting to ₹10.2 million. The order was issued by the relevant tax authority following assessment proceedings under applicable tax laws.
According to the company’s disclosure, the tax demand pertains to a past assessment period and includes tax, interest, and applicable penalties as determined by the authority. While the amount involved is not material to the company’s overall financial position, the development is relevant from a regulatory and compliance perspective.
The management has indicated that it is in the process of examining the order in detail and will pursue suitable legal remedies, including filing an appeal, if advised. Such tax demands are subject to appellate review, and final liability will depend on the outcome of further proceedings.
For investors, the announcement reflects Thomas Cook (India)’s commitment to transparency and timely disclosure of regulatory matters, while reaffirming that routine tax litigations are part of normal business operations.
Key Highlights
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Tax demand of ₹10.2 million confirmed by tax authorities
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Order disclosed in compliance with stock exchange regulations
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Demand relates to past assessment proceedings
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Company evaluating legal and appellate options
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No immediate material impact on business operations
Sources: Thomas Cook (India) Ltd Exchange Filing; Stock Exchange Disclosures; Regulatory