Tax & Penalty16 May 2026, 01:01 pm
Shree Cement Receives ₹153.47 Cr Income Tax Demand
AI Summary
Shree Cement Ltd. has received a Final Assessment Order under Section 143(3) of the Income Tax Act, 1961, for FY 2022-23, resulting in a demand of ₹153.47 Cr (including interest). The company plans to adjust this demand against pending refunds and is taking legal action, expecting the demand to subside based on previous years' orders. Shree Cement does not anticipate any significant impact on its financial operations.
Key Highlights
- Shree Cement received Final Assessment Order u/s 143(3) for FY 2022-23.
- The order includes a demand of ₹153.47 Cr, inclusive of interest.
- The demand will be adjusted against pending refunds receivable by the company.
- Shree Cement is pursuing legal remedies and expects the demand to subside.
- Company anticipates no significant impact on financials or operations.
Price Impact
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