Justice MR Shah: We have considered all entries, and in this present case it is admitted that after making declaration under form 26. respondent essar steel did not use the same and sold it to essar power.
SC: we have held that essar steel ltd did not comply with original entry. as per latest incentive policy benefit was eligible to certain industries. Power producing industries were ineligible for the same and thus not essar was not eligible for purchase tax exemption.
SC: While exemption notification must be liberally construed, the beneficiary must fall within ambit of the notification. Promissory estoppel will not be applicable in this case. essar steel furnished wrong and false information.
SC: In taxing matters doctrine of promissory estoppel is not as such applicable. Rules of promissory estoppel cannot be used to amend or alter rules framed in pursuance with a statute.
SC: We have upheld the penalty. When goods were transferred to ineligible units. the penalty is justified. The Gujarat HC verdict is set aside and appeals allowed accordingly
SC is hearing matter where 12 people, including former officials of the Kamla Nehru Educational Society, have been booked for fraud
Judiciary
May 26, 2022
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SupremeCourt is hearing matter where 12 people, including former officials of the Kamla Nehru Educational Society, revenue officials, an additional district magistrate (ADM) have been booked for fraud, tampering with government documents, damage to public property.Bench of Justices S Abdul Nazeer and PS Narasimha hearing case where Complaint states that land in Ahmadpur was illegally handed over to the society as freehold property.ASG Aishwarya Bhati appears for UP: We have got some respite...
SC to hear an appeal filed by UltraTech Cement against the judgment of the Chattisgarh High Court.
Judiciary
May 26, 2022
Lawstreet News Network
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Supreme Court to hear an appeal filed by UltraTech Cement against the judgment of the Chattisgarh High Court.Singhvi: This is an extraordinary matter.Narasimha J: The writ petition led to the passing of the status quo order. The vacation of status quo (challenge to the single bench) order should have gone to a division bench.Singhvi reads from the petition.Narasimha J: On the merits of the matter, if there is any infrastructure made by the entity, it should not go waste. This is a bigger...
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