Syngene International Receives Tax Penalty Relief Order for Assessment Year 2018
Syngene International Limited has received a favorable tax order from the National Faceless Assessment Centre dated March 13, 2026, dropping penalty proceedings for Assessment Year 2018-19. The development follows the company's successful appeal that resulted in complete relief of Rs.2,78,45,669 in previously disallowed expenses. The penalty proceedings, initially initiated in March 2023, have now been formally concluded with no financial impact on the company.
