Nephrocare subsidiary's ₹14.79 Cr tax order declared invalid

Nephrocare Health Services Ltd announced that a tax assessment order against its overseas wholly-owned subsidiary, Nephrocare Health Services Central Asia LLC (NCA), has been declared invalid by the Tashkent Inter-District Administrative Court. The original order from the Uzbekistan Tax Department had imposed an aggregate demand of approximately ₹14.79 crore (₹11.50 crore net additional tax and ₹3.29 crore penalty). The court cited procedural irregularities, including lack of prior notice and improper review of audit materials. The Tax Department has been directed to reconsider the audit materials, with the assurance that NCA's position will not worsen. The company will monitor further developments.