Intimation regarding receipt of an Assessment Order from Income Tax Department for Assessment Year 2023-24
CLEANMAX · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Clean Max Enviro Energy Solutions Limited has received an Assessment Order from the Income Tax Department's Assessment Unit for Assessment Year 2023-24. The order was passed under Section 143(3) read with Section 144C(3) and 144B of the Income Tax Act, 1961. The department has raised an income-tax demand of INR 6,77,99,430 (approximately 6.78 crore) due to certain additions and disallowances of expenditures under various sections of the IT Act. The company received the order on 27 April 2026 and has confirmed that no penalty, sanction, or restriction has been imposed. The company stated it has a strong case on merits and intends to file an appeal against the assessment order.
While a tax demand of INR 6.78 crore has been raised, the company claims no material impact on financials or operations and is confident of succeeding in appeal. However, the unresolved demand could create uncertainty until the appellate process concludes.