Engineering company CG Power and Industrial Solutions Ltd on Wednesday (November 19) said it has received a final assessment order for assessment year 2018-19, raising tax demands of ₹365.37 crore.

The order was issued under Section 143(3) read with Section 144C(13) of the Income Tax Act, 1961, and includes various additions and disallowances made by the Income Tax Department.

The disclosure follows the Bombay High Court's April 30, 2024, direction in an earlier matter, where the court instructed the Central Board of Direct Taxes to allow the company to file revised income tax returns for FY15 to FY20 based on recast accounts.

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The court had also instructed the assessing authority to accept those

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