Natural justice and pre-CIRP labour awards protect termination compensation, permitting withdrawal of court deposits despite later insolvency resoluti...
Arbitration of SEZ sub-lease monetary claims preserves rent, maintenance, termination, improvements and damages disputes while unused premises are vac...
Scientific research approval grants a research association tax recognition, subject to annual donor reporting, certification, and regulatory complianc...
MEIS duty credit scrips received under the Foreign Trade Policy 2015 are treated as revenue receipts taxable as income from assessment year 2016-17. Applying the purpose test, the rewards offset export-related costs and infrastructure inefficiencies and enable more profitable conduct of export business. Their computation by reference to completed exports, recurring nature, transferability and unrestricted usability support their revenue character; they are not linked to capital investment, establishment or expansion, nor earmarked for a capital purpose. Government assistance "by whatever name called" covers MEIS rewards, including grants or cash incentives, without limitation by ejusdem generis.
MEIS duty credit scrips received under the Foreign Trade Policy 2015 are treated as revenue receipts taxable as income from assessment year 2016-17. Applying the purpose test, the rewards offset export-related costs and infrastructure inefficiencies and enable more profitable conduct of export business. Their computation by reference to completed exports, recurring nature, transferability and unrestricted usability support their revenue character; they are not linked to capital investment, establishment or expansion, nor earmarked for a capital purpose. Government assistance "by whatever name called" covers MEIS rewards, including grants or cash incentives, without limitation by ejusdem generis.
Note: It is a system-generated summary and is for quick reference only.
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