Syngene International Wins High Court Case on Tax Litigation
Syngene International Limited has received a favorable order from the Hon'ble High Court of Karnataka concerning tax litigations for Assessment Years 2010-11, 2011-12, and 2012-13. This follows a Writ...
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Why is Syngene International Limited in the news today?
Syngene International Limited (SYNGENE) is in the news due to the company has won a significant tax litigation case in the high court, which is a positive outcome.
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Syngene International Wins High Court Case on Tax Litigation
December 30, 2025, 06:04 PM
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More Details on This News
Syngene International Limited has received a favorable order from the Hon'ble High Court of Karnataka concerning tax litigations for Assessment Years 2010-11, 2011-12, and 2012-13. This follows a Writ Petition filed by the company against the adjustment of refunds for AY 2010-11 and 2011-12 against outstanding demands for other years, and the non-issuance of a refund for AY 2012-13, totaling ₹48,90,84,008.
The Hon'ble High Court has allowed the company's petition and directed the Income Tax Authorities to refund the aggregated amount along with applicable interest, subject to verification. The company believes this development may not have a material impact on its financials, operations, or activities. No penalties or restrictions were imposed by the court in its order dated December 17, 2025. Syngene International is currently analyzing the order and will take appropriate action.
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