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NewsBar&BenchSaturday, 19 September 2026NEW

Israeli pharma giant Teva Israel wins tax battle before Delhi High Court against IT Department

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Summary
In a major victory for Israeli pharmaceutical company Teva Israel, the Delhi High Court has held that a ₹1,851 crore payment made by Ranbaxy Laboratories to Teva Israel under a settlement agreement is not taxable in India [Teva Pharma Vs Union of India].By way of an order passed on September 15, a bench of Justices Dinesh Mehta and Vinod Kumar said the payment could not be taxed merely because it was made by an Indian company to a foreign entity.“Mere payment by an Indian resident to a non-resid
Key Facts
TypeNews
SourceBar and Bench
PublishedSaturday, 19 September 2026
Affected Population1.4 billion citizens, 5 million healthcare workers
Key Numbers
Health budget: Rs 90,958 crore (2025-26)
Target: 2.5% of GDP public health spending
1.5 lakh Health & Wellness Centres planned
Rs 15,000 crore for Digital India initiatives
Key Authorities
Ministry of Health & Family WelfareICMRAYUSHMinistry of Electronics & ITTRAI
Key Stakeholders
PatientsHealthcare WorkersHospitals & ClinicsInternet UsersTech CompaniesStartups
Government Context
NDA IIIBJP-led NDA
Centre-Right
LeftCentreRight
Explore Sectors
Health55 tracked→Digital & Technology298 tracked→Finance & Economy671 tracked→
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