Nectar Lifesciences Limited — Others, 08-05-2025: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
08-05-2025 | 02:41 pm
08-05-2025 | 02:41 pm
Nectar Lifesciences Ltd. secured a favorable ruling as the Punjab and Haryana High Court quashed a reassessment notice from the Income Tax department for AY 2021-22, stopping attempts to reopen its tax filings for that year. No additional tax liability arises from this decision. The company is still awaiting any objections on AY 2017-18. This outcome eases tax uncertainties and supports clearer financial visibility for shareholders.
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