CG Power has received an updated stay order from the Income Tax Department regarding a tax demand. The stay is granted on the remaining tax demand, subject to a further payment of ₹28,13,23,489 in 3 installments. This stay remains effective until the Income Tax Appellate Tribunal (ITAT) disposes of the appeal. The amount was adjusted for a tax refund of ₹23,41,95,879.
Updated Stay Order
CG Power has received an updated stay order dated January 29, 2026, from the Income Tax Department regarding the balance amount of a previously disclosed tax demand.
Financial Details of the Stay
The stay on the remaining tax demand is subject to a further payment of ₹28,13,23,489, to be paid in 3 installments. This stay will remain in effect until the disposal of the appeal by the Hon’ble ITAT.
The payable amount was adjusted following a tax refund, subsequently determined to be ₹23,41,95,879 as per an order dated August 22, 2025.
Background
This follows an earlier disclosure where the company informed about receiving a final assessment order for the Assessment Year 2021–22, which raised a tax demand of ₹4,67,75,96,840.
Ongoing Appeal
CG Power had filed an appeal with the ITAT challenging the initial assessment order. An earlier stay order was granted on August 22, 2025, subject to certain conditions and payments.
Source: BSE
