Archive · 19 Nov 2025
CG Power Faces ₹365-Crore Tax Demand for AY18, Plans Appeal
CG Power, an engineering company, got a big tax bill of ₹365 crore for the year 2018.
They think the tax department made mistakes and plan to appeal.
Their stock price went down a little after this news.
CG Power received a final assessment order for AY18 with ₹365.37 crore tax demand
The order includes various additions and disallowances made by the Income Tax Department
CG Power will file appeals challenging the additions and disallowances
The company believes it has a fair chance of succeeding in the appeal
Shares of CG Power ended at ₹724.10, down by ₹9.35, or 1.27%, on the BSE
- Who
- CG Power and Industrial Solutions Ltd
- What
- Received a final assessment order with ₹365.37 crore tax demand
- When
- November 19, 2024
- Where
- India
- Why
- Due to various additions and disallowances made by the Income Tax Department
CG Power's Stance
Income Tax Department's Stance
Tax Demand
CG Power's Stance
CG Power believes the tax demand is unfair and plans to appeal
Income Tax Department's Stance
Income Tax Department has made additions and disallowances based on its assessment
- Tax Demand
- ₹365.37 crore
- Assessment Year
- 2018-19 (AY18)
- Stock Price Change
- Down ₹9.35, or 1.27%
- Stock Price
- ₹724.10