CG Power receives stay on revised tax demand pending appeal
As filed · CG Power and Industrial Solutions Limited has informed regarding Disclosure of material issue
RegulatoryMixedMinormateriality 55 out of 100
What happened
FactThe Income Tax Department granted a stay on CG Power’s revised Assessment Year 2022-23 tax demand until disposal of its appeal before the CIT(A). The stay requires payment of 20% of the total demand, including Rs. 30 crores in five instalments, with the remaining disputed demand subject to specified conditions including refund adjustments.
Why it matters
CapitSignal interpretationA tax demand is a contingent claim on cash: it either becomes a payment, or an appeal that ties up management attention and often a deposit.
Scale
- 0.3% of FY26 revenue
₹30 Cr stated in the filing against ₹11,330.62 Cr revenue (FY26, standalone)
Source: financial_facts · exchange_table
Watch next
Fact- Whether the company is appealing
- Amount deposited pending appeal
- Whether it is provided for in the accounts
Evidence
How CapitSignal classified this
- Reasoning:
- The stay defers recovery of the remaining disputed tax demand while the appeal is pending, but requires an upfront payment and may involve refund adjustments.
- Matched on:
- body text (weaker evidence than a subject match)
- Confidence in the event type:
- 60%