Archive · 23 Aug 2025
CG Power Gets Stay on ₹468-Crore Tax Demand, Files Appeal
CG Power, an industrial solutions company, is in a tax dispute with the Income Tax department.
The department wants ₹468 crore for the financial year 2022.
CG Power is fighting this and has received a temporary order that pauses the payment, but they have to make some payments while they appeal.
The company must pay ₹42 crore in installments by late 2025.
The company previously declared a tax loss for that year.
The tax department wants more money and has issued an order that CG Power is challenging.
CG Power received a stay order on a ₹468-crore tax demand from the Income Tax department.
The tax demand was for the assessment year FY22, and was raised in July.
The stay order requires CG Power to deposit ₹42 crore in five installments by December 25, 2025.
CG Power appealed to the tax appellate tribunal on August 8.
The stay order is pending disposal of the appeal.
- Who
- CG Power and the Income Tax department.
- What
- CG Power received a stay order on a ₹468-crore tax demand.
- When
- The tax demand was raised in July. The stay order was issued after August 11th.
- Where
- Unknown.
- Why
- CG Power is disputing the tax assessment for FY22.
CG Power's Position
Income Tax Department's Position
Tax Dispute
CG Power's Position
Challenges the additions and disallowances in the income tax department’s order.
Income Tax Department's Position
The Income Tax department issued the tax demand.
- Tax Demand
- ₹468 crore
- Tax Year
- FY22
- Stay Order Conditions
- ₹42 crore in installments by December 25, 2025
- Appeal Date
- August 8
- Company
- CG Power