CG Power secures stay on ₹467.76 crore income tax demand, to pay in instalments
The stay on a large tax demand mitigates immediate financial pressure, but the ultimate financial impact is still pending the ITAT's decision, making it a medium-level impact rather than high or low.
The company secured a stay on a significant tax demand of ₹467.76 crore, providing immediate relief from the financial obligation and time to pursue its appeal, which is a favorable outcome.
CG Power and Industrial Solutions Limited has received a stay of tax demand order from the Income Tax Department on 22nd August 2025, regarding a tax demand of ₹4,67,75,96,840 (₹467.76 crore) for the Assessment Year 2021-22. * The company had previously received the final assessment order on 25th July 2025 and subsequently filed an appeal before the Income Tax Appellate Tribunal (ITAT), Mumbai, on 8th August 2025. * An application for a stay of tax demand was filed on 11th August 2025, which has now been accepted. * The stay is granted until the disposal of the appeal by the ITAT, subject to the company making payments in instalments as follows: * ₹10 crore on or before 26th August 2025 * ₹10 crore on or before 25th September 2025 * ₹10 crore on or before 25th October 2025 * ₹6 crore on or before 25th November 2025 * ₹6 crore on or before 25th December 2025 * The balance 20% of the disputed demand will be payable as a 6th instalment on or before 25th January 2026, subject to certain conditions. * The company has stated it will comply with the said order.
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 regulatory filings. 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.