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JK Paper’s ₹655.6 Million Tax Demand Brought Down to Zero

Updated: June 26, 2025 17:16

Image Source: The Economic Times
JK Paper Ltd has announced a major relief: the company’s aggregate tax demand of ₹655.6 million has been reduced to nil. This update comes after a series of tax assessment orders and legal proceedings that had previously put the company under financial scrutiny.
 
Key Highlights:
 
JK Paper faced an aggregate tax demand of ₹655.6 million, which included income tax, interest, and penalties from recent assessment years.
 
The company had earlier received income tax assessment orders and GST demands from various authorities, prompting appeals and legal responses.
 
After review and further proceedings, authorities have now reduced the entire tax demand to zero, clearing JK Paper of any outstanding liability related to these cases.
 
JK Paper maintained throughout the process that the tax demands were not justified and would not impact its financial or operational stability.
 
The resolution of this tax issue removes a significant overhang for the company, offering clarity and stability to shareholders and stakeholders.
 
JK Paper’s management expressed satisfaction with the outcome and reaffirmed their commitment to compliance and transparent financial practices.
 
The company continues to focus on its core business operations and growth plans, now without the burden of this tax dispute.
 
Source: Stock Insights, MarketScreener, NDTV Profit

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