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The latest update is out from Sharda Motor Industries Ltd. ( (IN:SHARDAMOTR) ).
Sharda Motor Industries Limited announced that it has received appellate orders from the Commissioner of Income-Tax (Appeals) in New Delhi, which quashed assessment orders for four assessment years from 2014-15 to 2017-18. This decision effectively reduces the company’s outstanding tax demand by Rs 60.92 crore for these years, potentially improving its financial standing and providing relief from previous tax liabilities. The appeals for the remaining six assessment years are still pending.
More about Sharda Motor Industries Ltd.
Sharda Motor Industries Limited operates in the automotive industry, focusing on the production of exhaust systems, catalytic converters, and other automotive components. The company primarily serves the automotive sector, providing essential parts for vehicle manufacturing.
Average Trading Volume: 7,706
Technical Sentiment Signal: Strong Buy
Current Market Cap: 62.61B INR
See more insights into SHARDAMOTR stock on TipRanks’ Stock Analysis page.