Income Tax: Constitutional validity of sub-clause (xviii) to section 2(24) under challenge

Serum Institute of India Private Limited Vs Union of India (Bombay High Court)

Issue under consideration

Whether sub-clause (xviii) to section 2(24) can be held as unconstitutional as it covers within its ambit capital subsidies. The said issue was analysed in the case of Serum Institute of India Private Limited vs. Union of India [W.P. No. 3735 of 2021]

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