IndustryLatest Stories

Tax Demands for Shree Cement, Ansal; Kesoram’s Cut to ₹6 Cr

Representative AI image NEW DELHI: Shree Cement, Ansal Housing, and Kesoram Industries have received tax-related orders from authorities, with the companies planning to contest these demands. Shree Cement has been issued a service tax demand order of ₹8.31 crore from the Commissioner of Central GST and Central Excise in Jodhpur. This order, dated April 16, 2026, includes applicable interest and an equivalent penalty. The demand is related to alleged non-payment of service tax. Shree Cement disagrees with the findings and intends to appeal before the appropriate tribunal within the required timeline. The company does not expect any significant financial impact…

Latest StoriesRera

Haryana RERA Directs Ansal Housing, Samyak to Compensate Buyer

GURUGRAM: The Haryana Real Estate Regulatory Authority (HRera) has mandated realtors Ansal Housing and Samyak Projects to compensate a homebuyer due to delays in the Ansal Hub 83 Boulevard project. In a ruling on Sept 18, the authority ordered the companies to pay interest of 10.9% per annum on the amount of ₹11,73,594 starting from the due possession date of April 21, 2019. The realtors are required to comply within 90 days. The authority also reversed the builders’ unilateral cancellation of the unit, labeling it as “legally invalid.” Due to the original unit being sold to a third party, the…

Latest StoriesRegulatory

FIR Filed Against Ansals, Officials in Farmhouse Land Fraud

Representative image created by AI GURUGRAM: After a decade of a complaint regarding extensive land manipulation, the Anti-Corruption Bureau (ACB) initiated an FIR on Friday against Ansal Housing, its partner firms, a former patwari, and officials from the revenue department for constructing illegal farmhouses in the Sohna Aravalis. These officials have been charged with altering the classification of land from ‘gair mumkin pahad’ (protected uncultivable hills per the Punjab Land Preservation Act) to ‘farmhouse’, ‘roads’, and ‘houses’ in revenue records dating back to 1995. This alteration allowed the development of farmhouses on protected Aravali land, breaching the Aravali Notification of…