Clean Max Enviro Energy Solutions Faces Tax Demand of INR 6.77 Crore for AY 2023-24
Clean Max Enviro Energy Solutions Limited has reported receiving an Assessment Order from the Income Tax Department concerning the Assessment Year 2023-24. The order, received on April 27, 2026, raises a significant income-tax demand on the company.The Assessment Unit, Income Tax Department, issued the order under Section 143(3) read with Section 144C(3) and Section 144B of the Income-tax Act, 1961. The assessment has raised a demand totaling INR 6,77,99,430.
According to the details, the tax department has raised this demand based on certain additions and the disallowance of specific expenditures across various sections of the Income-tax Act.
The company noted that the order alleges certain disallowances of expenditures and additions under various sections of the Act.
In response to the assessment order, Clean Max Enviro Energy Solutions Limited announced its intention to file an appeal. The company stated that it is proceeding with the appeal, asserting that it possesses a strong case on merits and is confident of successfully getting the demands quashed at the appellate level.
The financial impact assessment provided by the company maintains that there is no material impact on the financials, operations, or other core activities of the entity.
For a detailed overview of the assessment order and the corresponding financial implications, the following data was noted:
| Detail | Description | Value / Status |
|---|---|---|
| Assessment Year | Period applicable to the tax demand | AY 2023-24 |
| Authority | Issuing Authority | Assessment Unit, Income Tax Department |
| Demand Nature | Basis for Tax Demand | Additions and disallowance of expenditures |
| Aggregate Demand | Total Income-Tax Demand | INR 6,77,99,430 |
| Company Action | Next Step Planned | File an appeal against the Order |
| Material Impact | Financial/Operational Outlook | No material impact expected |
CLEANMAX Stock Price Movement
As of 2:45 PM, shares of Clean Max Enviro Energy Solutions Limited are slipping by 0.11% in live trading, currently priced at ₹1068.4. The stock has recorded a 52-week high of ₹1095.15, amidst trading activity that includes 81,801 shares so far.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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