CG Power Receives Assessment Order for AY 2018-19 with Tax Demands of ₹365.37 Crore
CG Power received assessment order for AY 2018-19 with tax demands of ₹365.37 crore. The company plans to appeal the order, believing it has a fair chance of success.
The tax demand of ₹365.37 crore is a significant amount and could affect the company's financials. However, the company is pursuing appeals, which may mitigate the impact.
The announcement discusses an unfavorable assessment order with a significant tax demand, which negatively impacts the company's financial position.
* CG Power received a final assessment order for Assessment Year 2018-19 on 19th November 2025. * The order includes various disallowances/additions, resulting in tax demands of ₹365.37 crore. * The company is planning to file appeals against these additions and disallowances. * CG Power believes it has a fair chance of succeeding in the appeal based on jurisprudence, rulings, and legal opinions.
What to do with a filing like this
CG Power and Industrial Solutions Limited filed this with the NSE as a statutory disclosure, categorised under litigation updates. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by CG Power and Industrial Solutions Limited. Read the original for the full detail.