From Liability to Liberty—JK Lakshmi Cement Breathes Easy on ₹857 Cr Dues

In a significant turn of events, JK Lakshmi Cement Ltd (NSE: JKLC.NS) has received a favorable tax order from the Government of India that has seen an addition of ₹603.3 million and a tax demand of ₹253.9 million deleted. The order is a significant relief for the cement firm and is expected to aid its financial position.

 

1. Tax Order Highlights

The Income Tax Department has passed an order under the provisions of the Income Tax Act in force for deletion of the earlier raised additions and demands.

 

Deleted amount is as under:

The order pertains to the earlier assessment years after conducting a minutest scrutiny of the company's returns and books.

 

2. Strategic Impact

3. Company Snapshot

Sources: BSE India, JK Lakshmi Cement, Moneycontrol