Shree Cement Limited Receives Final Income Tax Assessment Order for FY 2022-23
Shree Cement Limited has confirmed the receipt of a Final Assessment Order from the Income Tax Authority concerning the financial year (FY) 2022-23. The order was received on May 15, 2026, from the Assistant Commissioner of Income Tax, Central Circle, Ajmer (AO).The assessment order was issued in the context of the Income Tax Act, 1961, covering the period of FY 2022-23.
The communication revealed that a demand of Rs. 153.47 Crs., which includes interest, has been determined following disallowances made by the authority. The company stated that this determined demand will be adjusted against pending refunds that are expected to be received.
The company confirmed that the process of taking remedial actions under law is underway, as advised by legal counsels. Management noted that, based on the orders of authorities and appellate forums passed in preceding years, Shree Cement Limited anticipates that the entire demand may subside. Consequently, the company does not foresee any impact on its financial, operational, or other core activities.
For reference, the key details regarding the communication received are summarized below:
| Detail | Description |
|---|---|
| Financial Year | FY 2022-23 |
| Date of Receipt | May 15, 2026 |
| Issuing Authority | Assistant Commissioner of Income Tax, Central Circle, Ajmer (AO) |
| Financial Demand | Rs. 153.47 Crs. (including interest) |
| Adjustment Mechanism | Demand will be adjusted against pending refunds |
| Impact Assessment | No expected impact on financial or operations of the Company |
SHREECEM Stock Price Movement
Shares of SHREE CEMENT LIMITED on Friday slipped by 0.42% to settle at ₹24,970. The stock found support on a trading volume of 6,055 shares, closing below its previous day's session at ₹25,025.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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