Dismissing the appeal of the revenue the Court held that the assessee which is engaged in business of providing contract research services in field of molecular biology and synthetic chemistry is eligible for exemption. (AY. 2005-06)
PCIT v. Syngene International Ltd. (2021) 279 Taxman 364 (Karn.)(HC)
S. 10B : Export Oriented undertakings-Manufacture or production-Providing contract research services in field of molecular biology and synthetic chemistry-Eligible for exemption.