JK Lakshmi Cement Limited — Others, 31-07-2025: Action(s) taken or orders passed

JK Lakshmi Cement (JKLC) has received a rectification order from the Assistant Commissioner of Income Tax, dated July 30, 2025. This order corrects certain errors in an Income Tax Assessment Order issued on March 17, 2025, pertaining to FY 2021-22. Consequently, the income tax demand of Rs 45.60 crores previously raised on JKLC has been entirely reduced to nil. This eliminates a significant financial liability, resulting in no expected financial implications for the company.