CementAfter close
Dalmia Cement's tax demand of ₹266.3 crore withdrawn
after close1 source ↓written by the desknot a recommendation
- from Dalmia Cement
- ₹266.3 crore
- for AY 2019-20
- ₹128.39 crore
- for AY 2022-23
- ₹59.32 crore
- includes penalties totaling
- ₹19.25 crore
The Tamil Nadu tax authority has withdrawn a tax demand of ₹266.3 crore from Dalmia Cement (Bharat) Ltd, providing significant relief. This includes ₹128.39 crore for AY 2019-20 and ₹59.32 crore for AY 2022-23, ensuring no financial impact on the company. This decision may enhance investor sentiment in the cement sector.
• Tax relief includes penalties totaling ₹19.25 crore
• Notices were related to discrepancies in taxable turnover and input tax credit
Immediate market implications could see a positive response from investors.
Not investment advice. For informational purposes only.