Clean Max Enviro Subsidiary Wins Tax Appeal, ₹62.15 Cr Addition Deleted

Clean Max Enviro Energy Solutions Ltd announced that its wholly owned subsidiary, Surya Energy Photo Voltaic India Private Limited, has received a favorable appellate order from the National Faceless Appeal Centre (NFAC) – Commissioner of Income-tax (Appeals). The order, dated November 2, 2026, pertains to the Assessment Year 2022-23. Surya Energy had appealed an assessment order from February 25, 2025, which proposed an addition of ₹621.52 million (₹62.15 Crore) to its total income, along with a tax liability of ₹654.45 million and penalty proceedings. The NFAC has now deleted these additions, meaning there is no adverse financial implication for the company. The assessed income will be reduced accordingly, and the tax/penalty/fine/interest demanded is Nil. This outcome confirms that Surya Energy discharged its onus under Sections 68 and 69 of the IT Act.