Nectar Lifesciences: Tax Assessment Order Disposed of in Company's Favor

Nectar Lifesciences Ltd. announced that the Deputy Commissioner of Income Tax (DCIT), Chandigarh, has disposed of the notice for assessment year 2017-18 in favor of the company. This follows a writ petition filed by the company challenging notices under Sections 148 and 148A(b) of the Income Tax Act, 1961 for Assessment Years 2017–18 to 2021–22. The Punjab and Haryana High Court directed the Income Tax Department to dispose of the Company’s objections. The company's objections for Assessment Year 2017–18 were decided in favour of the Company vide order dated March 31, 2026, received via email dated April 09, 2026, concluding the matter.