Clean Max Enviro Receives Rs 6.77 Crore Income Tax Demand, Plans to Appeal
Clean Max Enviro Energy Solutions Limited, India’s largest commercial and industrial (C&I) renewable energy provider, has disclosed to the stock exchange that it has received a demand order of Rs 6.77 crore.
Background of the case
The Company has received an assessment order from the Income Tax Department under Section 143(3), read with Sections 144C(3) and 144B of the Income Tax Act. Pursuant to this order, an additional income-tax demand has been raised due to certain additions to income and disallowance of specific expenditures under various provisions of the Act. The total tax demand arising from these adjustments for Assessment Year 2023-24 amounts to Rs 67,799,430.
Expected Financial Impact
The company stated that it has no financial impacts on its operations or other activities.
Company’s Response
The company believes it is in the process of filing an appeal against the assessment order. It thinks that it has a strong case on merits and is confident of succeeding in having the demands quashed at the appellate level.
Key Details
| Particular | Details |
| Listed Company | Clean Max Enviro Energy Solutions Limited |
| Issuing Authority | Assessment Unit, Income Tax Department |
| Date of receipt | 27 April 2026 |
| Type of communication | Order passed under Section 143(3) r.w.s 144C(3) read with section 144B of the Income-tax Act, 1961 (‘IT Act’) |
| Assessment Year | 2023-24 |
| Proposed Demand | 6,77,99,430 |
Company’s Disclosure
The company made the above disclosure under Regulation 30, read with Schedule III, of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”).
