Shree Cement Sees Income Tax Order Rectified, Stock in Focus

Shree Cement, a company whose stocks are watched by investors, had an issue with the income tax department.

Initially, the tax department wanted the company to pay a large sum of money, about 588.65 crore rupees.

However, after some changes, the tax amount was reduced to 221.72 crore rupees.

The company informed everyone about this change.

They've already paid the reduced amount by using money they were supposed to get back from the government.

This means the company has sorted out its tax issue.