CG Power has received a final assessment order for the Assessment Year 2018-19, resulting in a tax demand of ₹365.37 crore due to various disallowances and additions. The company is preparing to file appeals against the order. This development follows an earlier court directive allowing CG Power to file revised income returns. The company believes it has a fair chance of succeeding in its appeal.
Assessment Order Received
CG Power and Industrial Solutions Limited announced that it has received a final assessment order for Assessment Year 2018-19 on November 19, 2025. This order includes various disallowances and additions to the company’s income, leading to a significant tax demand.
Tax Demand Details
The assessment order has resulted in a tax demand of ₹365,37,21,581/-. The company is currently reviewing the order and preparing to take necessary actions to address the disallowances.
Next Steps: Filing an Appeal
CG Power intends to file appeals against the additions and disallowances made in the assessment order. The company will also file an application for rectification of mistakes apparent from the record. Based on its understanding of jurisprudence, rulings, and legal opinions, CG Power believes it has a fair chance of success in the appeal, potentially leading to the deletion of the disallowances and additions.
Source: BSE
