LatestCorporate Compliance 1 October 2026
Cummins India Penalized Rs 95 Lakh
Cummins India Ltd has been ordered to pay a Rs 95.26 lakh income‑tax penalty after authorities ruled the company failed to provide adequate opportunity to present its submissions. The firm disclosed the penalty in a regulatory filing on September 29, calling the order premature and contesting the decision.
Cummins India Ltd announced a Rs 95.26 lakh income‑tax penalty imposed by tax authorities, stating the order was issued without sufficient chance to submit its case. Details are in the original article.
- Penalty amount: Rs 95.26 lakh
- Company filed the disclosure on September 29
- Cummins claims the order was premature and plans to contest
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