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Vaccine manufacturer Serum Institute of India (SSI) has filed a challenge to the Supreme Court against a 2016 amendment to the Income Tax Act that made subsidies, grants, waivers, concessions, or reimbursements by the Centre or states or incentives in cash or kind as taxable. The amendment had inserted sub-clause (xviii) to Section 2(24), which defines taxable "income". The case was filed under the Package Scheme of Incentives-2013, which provided various incentives to major industries for five years.

      pune,     chief of army staff (coas), general manoj pande, visited the maharashtra msme (micro, small, and medium enterprises) defence expo 2024 on monday at the international exhibition convention c

Queensland government invests $6.34 million in rebates for its mandatory national eID tag roll-out in sheep and goats but industry stakeholders are concerned..

This target is in line with the country's goal of becoming a five trillion dollar economy, Bais said, addressing the legislators at the start of the day-long special session of the legislature on Maratha quota at Vidhan Bhavan in south Mumbai.

The Delhi High Court has held that the sales tax subsidy or incentive received by the assessee under the Dispersal of Industries Package of Incentives, 1993, was a capital receipt.The bench of Justice...