Income Tax Department carries out survey proceedings at Ipca Labs Mumbai, Sikkim plant
Mumbai: Ipca Labs has informed in a recent BSE filing that the Income Tax Department has carried out survey proceedings at the Company’s offices in Mumbai and at Sikkim manufacturing plants between 30th May, 2023 to 3rd June, 2023.
"The Company has extended its full co-operation and support to the Officials of the Income Tax Department during their survey proceedings and has provided timely and correct information/data asked for and shall continue to provide any further details/information that might be required by the department in future," Ipca stated.
Read also: Ipca Labs to buy 33 percent stake in Unichem Labs for 1,034 crore
Ipca Laboratories Limited is an Indian multinational pharmaceutical company headquartered in Mumbai. The company was founded by group of businessmen and medical professionals in 1949. It produces theobromine, acetyl thiophene, and p-bromotoluene as active pharmaceutical ingredients (APIs). Ipca sells these APIs and their intermediates globally. Ipca is a fully-integrated pharmaceutical company that manufactures over 350 formulations and 80 APIs for various therapeutic segments.
Read also: IPCA Lab gets CDSCO panel nod for phase 3 trial of HCQ as add-on therapy in type 2 diabetes
Disclaimer: This website is primarily for healthcare professionals. The content here does not replace medical advice and should not be used as medical, diagnostic, endorsement, treatment, or prescription advice. Medical science evolves rapidly, and we strive to keep our information current. If you find any discrepancies, please contact us at corrections@medicaldialogues.in. Read our Correction Policy here. Nothing here should be used as a substitute for medical advice, diagnosis, or treatment. We do not endorse any healthcare advice that contradicts a physician's guidance. Use of this site is subject to our Terms of Use, Privacy Policy, and Advertisement Policy. For more details, read our Full Disclaimer here.
NOTE: Join us in combating medical misinformation. If you encounter a questionable health, medical, or medical education claim, email us at factcheck@medicaldialogues.in for evaluation.