Shree Cement received a Draft Assessment Order u/s 144C(1) of Income Tax Act, 1961 for FY 2022-23 on 31st March 2026.
The order proposes disallowances and additions to returned income, with a likely tax demand of ~₹149 crore (excluding interest).
Company plans to file objections and believes the disallowances are not sustainable before appellate authorities, citing no major financial impact.