Syngene International has received an order from the National Faceless Appeal Centre (NFAC) regarding an appeal filed by the company under the Income-tax Act. The NFAC order partly allows the company’s appeal against an order dated December 27, 2018. The appeal was originally filed on January 24, 2019. The Assessing Officer has been directed to verify certain claims and allow relief.
NFAC Order Received
Syngene International received an order from the National Faceless Appeal Centre (NFAC) on January 08, 2026, regarding an appeal filed by the company. The NFAC order partly allows the company’s appeal related to the Income-tax Act litigation.
Background of the Litigation
The appeal was filed against an order dated December 27, 2018, where the Assessing Officer raised a demand of ₹72,33,63,020 due to certain disallowances and additions. The company had initially filed an appeal on January 24, 2019, against these disallowances.
Implications and Next Steps
The NFAC has partly allowed the appeal and directed the Assessing Officer to verify certain claims and provide relief. Syngene International believes that the final outcome may not have a material impact on the company’s financials, operations, or activities.
The Assessing Officer will now issue an order to give effect to the NFAC’s decision. The company anticipates a decrease in contingent liability and a potential refund from the Income Tax Department. The company is currently analyzing the order and will take further appropriate action.
Source: BSE
