Quarterly Result7 April 2026 at 06:22 am
Panacea Biotec's Tax Liability for AY 2015-16 Determined as Nil After Rectification
AI Summary
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 February 27, 2026, which were apparent from the record, have been corrected. The Company's tax liability for AY 2015-16 has been determined as Nil. This rectification has successfully nullified the tax demand for AY 2015-16, with no adverse impact expected on its financial, operational, or other activities.
Key Highlights
- Panacea Biotec receives a rectified Assessment Order dated 06.04.2026 from the Office of the Deputy Commissioner of Income Tax, New Delhi
- Errors in the Assessment Order dated February 27, 2026, have been corrected
- Company's tax liability for AY 2015-16 determined as Nil
- Rectification successfully nullifies the tax demand for AY 2015-16
- No adverse impact expected on the company's financial, operational, or other activities
PANACEABIOPharmaceuticals
PANACEA BIOTEC LTD.Price Impact