CG Power has received a stay order on a tax demand of ₹33.01 crore related to the Assessment Year 2020-21. The order, dated January 29, 2026, requires the company to pay 20% of the tax demand in six installments of ₹1.10 crore each. The remaining balance is stayed pending the disposal of its appeal.
Stay Order on Tax Demand
CG Power has obtained a stay on a tax demand order amounting to ₹33,01,61,769, pertaining to the Assessment Year 2020-21. This was communicated to the exchanges on January 29, 2026.
Terms of the Stay
As per the order received from the Assessing Officer, the stay is conditional upon the payment of 20% of the total tax demand. This payment is to be made in 6 installments, each amounting to ₹1,10,00,000. The remaining portion of the tax demand will remain stayed until the company’s appeal is resolved.
Background
The initial tax demand arose from the final assessment order received by CG Power in November 2025. The company subsequently filed an appeal with the Income Tax Appellate Tribunal (ITAT) on January 16, 2026, challenging the assessment. An application for a stay on the tax demand was then filed before the Assessing Officer in December 2025.
Source: BSE
