JK Lakshmi Cement shares in focus after receiving Rs 45.6 crore tax demand
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JK Lakshmi Cement shares will be in focus on Wednesday after the company received a Rs 45.6 crore demand from the Income Tax Department for the assessment year 2022-23. The firm disclosed in a regulatory filing that it received the assessment order on March 18, 2025. "In the said order, the income tax officer has made certain additions to the company’s declared income, resulting in an aggregate demand of Rs 4,559.60 lakh," the company stated. Also Read: Stocks in news: Bajaj Auto, L&T, Bharti Airtel, Hindustan Zinc, Dr Reddy’s JK Lakshmi Cement said it will file an appeal against the order before the appropriate authorities. Based on a preliminary assessment, the company believes the demand is fallacious, legally untenable, and likely to be set aside in the course of proceedings. Live Events The company also clarified that it does not anticipate any material impact on its financial, operational, or other activities. JK Laksh...