Syngene gets partial relief in income tax appeals for three assessment years
SYNGENE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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The National Faceless Appeal Centre has partially allowed Syngene International's income tax appeals for assessment years 2015-16, 2018-19, and 2021-22. No penalty or restrictions were imposed in the orders. The company says there is no material impact on financials and expects a reduction in contingent liability and possible refund. Syngene is analyzing the orders and may take further action.
Mildly positive. Partial relief lowers contingent tax liability and may lead to a refund. No material financial hit expected.