Syngene International Secures Court Relief, Rs 48.9 Cr Income Tax Refund Ordered
The High Court of Karnataka has ruled in favour of Syngene and directed the Income Tax Authorities to refund the said amount along with applicable interest, subject to verification.
Bengaluru: The High Court of Karnataka has allowed the writ petition filed by Syngene International Limited in relation to its income tax dispute concerning Assessment Years 2010-11, 2011-12 and 2012-13.
The company received the court’s order on December 30, 2025, pursuant to an order dated December 17, 2025, providing major relief to the company in the long-standing matter.
In a disclosure made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Syngene International stated that it had approached the High Court against the adjustment of income tax refunds already granted for AY 2010–11 and AY 2011–12 against outstanding tax demands of other years, and the non-issuance of refund for AY 2012–13. The total refund amount involved in the case aggregates to Rs 48,90,84,008.
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