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Sharda Motor Industries Limited has received assessment orders and demand notices from the Income Tax Department for ten assessment years, amounting to ₹145.82 crore (cr). The management believes these demands are legally untenable and plans to appeal the orders, asserting that they possess strong grounds for their position. They anticipate no material impact on the company’s financials or operations from these orders and are optimistic about a favorable outcome. This development may evoke a positive outlook among investors, given the management's confidence in navigating the legal landscape effectively.