Cummins India Wins ₹210 Crore Tax Relief from ITAT for FY2017-18

Cummins | Kotak Securities recommends buying the stock at a price of ₹3,933 for a price target of ₹4,400 until the next Diwali. The brokerage said the company has penetrated new markets and raised its new offerings in FY25. Cummins has meaningful scope for growing its distribution business over time. Majority of end-user segments in powergen are on a strong growth trajectory, the brokerage wrote in its note.

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CNBC TV18•19-12-2025, 21:25

Cummins India Wins ₹210 Crore Tax Relief from ITAT for FY2017-18

•Cummins India secured a significant tax relief of ₹210.29 crore for FY2017-18 following a favorable ruling by the Income Tax Appellate Tribunal (ITAT).
•The ITAT order, dated December 4, 2025, also directed ₹13.11 crore for revalidation and upheld a disallowance of ₹0.48 crore.
•The company is currently evaluating further actions regarding the upheld disallowance.
•This matter stems from ongoing litigation with the Income Tax Department, previously disclosed to exchanges in August and December 2023.
•Following the announcement, Cummins India's shares closed up 0.39% at ₹4,402.30 on the BSE.

Why It Matters: Cummins India gets ₹210 crore tax relief from ITAT, boosting investor confidence.

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