Panacea Biotec Ltd's Tax Liability for AY 2016-17 Determined as Nil After Rectified Assessment Order

Panacea Biotec Ltd has received a rectified Assessment Order dated 06.04.2026 from the Office of the Deputy Commissioner of Income Tax, New Delhi. The errors in the Assessment Order dated March 01, 2026, which were apparent from the record, have been corrected. The Company's tax liability for AY 2016-17 has been determined as Nil. This rectification has successfully nullified the tax demand for AY 2016-17, with no adverse impact expected on its financial, operational, or other activities.