Syngene International Secured Tax Refund of Rs 8.62 Crore in AY 2014-15 Litigation
Syngene International Limited has received a favorable order regarding its tax litigation for Assessment Year (AY) 2014-15, granting a refund of Rs 8,62,14,600/- after the National Faceless Appeal Centre (NFAC) ruling. The final determination was issued by the Assessing Officer on May 14, 2026.The dispute originated from an order passed earlier in 2016, which involved a disallowance of claimed deductions and raised a demand against the company. Subsequently, following an appeal filed by Syngene, the demand amount was increased by the Assessing Officer in March 2017.The matter came before the NFAC, which issued a ruling on February 13, 2026, partially...