LAWS(BOM)-2023-12-101

SERUM INSTITUTE OF INDIA Vs. UNION OF INDIA

Decided On December 04, 2023
Serum Institute Of India Appellant
V/S
UNION OF INDIA Respondents

JUDGEMENT

(1.) Considering the reliefs sought in the petition, it was decided to hear the petition finally at the admission stage itself.

(2.) Therefore, rule. Rule made returnable forthwith.

(3.) Petitioner is a biotechnology company manufacturing drugs and vaccines. Petitioner has a manufacturing plant at Hadapsar, Pune. Petitioner's units at Hadapsar area are eligible for deduction under Sec. 10AA of the Income Tax Act, 1961 (the Act). Petitioner also has commissioned another manufacturing facility in the Special Economic Zone (SEZ) located at Manjari, Pune, which commenced production during the Financial Year 2019-2020.