Receipt of Final Assessment order u 143(3) of the Income Tax Act, 1961 form the Income Tax Authority
As filed · SHREE CEMENT LIMITED has informed the Exchange regarding receipt of Final Assessment order u/s 143(3) of the Income Tax Act, 1961 form the Income Tax Authority
What happened
FactSHREE CEMENT LIMITED has informed the Exchange regarding receipt of Final Assessment order u/s 143(3) of the Income Tax Act, 1961 form the Income Tax Authority. Phiroze Jeejeebhoy Towers,. received the Final Assessment Order u/s 143(3) of the Income Tax Act, 1961 pertaining to FY 2022-23 on.
Why it matters
CapitSignal interpretationA tax demand is a contingent claim on cash: it either becomes a payment, or an appeal that ties up management attention and often a deposit.
What management said before
Prior statements by this company that CapitSignal has recorded changing.
Capex
RevisedFor the first time in my career, I think, I have spoken of a INR400 to INR500 crores capex visibility in next financial year.
total capex I had guided Q4 about INR1,500 crores.
Change
FactImplication
CapitSignal interpretationWatch next
Fact- Whether the company is appealing
- Amount deposited pending appeal
- Whether it is provided for in the accounts
- 35.4 is what we did last year, and I'm guiding at about 40 this year. (management committed by FY27)
- pan-India, the industry is expected to grow at about 7% to 8%. We hope to catch up with 10%. (management committed by FY27)
Evidence
- SHREE CEMENT LIMITED has informed the Exchange regarding receipt of Final Assessment order u/s 143(3) of the Income Tax Act, 1961 form the Income Tax Authority(opens the original filing in a new tab)
- Earlier statement · Q3 FY26
- Latest statement · Q1 FY27
- Earlier statement · Q1 FY27
How CapitSignal classified this
- Reasoning:
- TAX_DEMAND base 62; +5 quantified amount; matched on subject
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 75%