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Income Tax - Highlights / Catch Notes

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TPA - the income from settlement of patent infringement cannot ...

Income Tax

October 13, 2015

TPA - the income from settlement of patent infringement cannot become part of operating revenues either on bulk drug manufacturing (API) segment or on product development service (PDS) segment which are two different segments in which assessee is operating - this income falls under the category of ‘other income’ and not operating revenue - AT

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