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March 31, 2026, 03:40 PM - 4 min read
“The recipient of a concession has no legally enforceable right against the Government to grant of a concession except to enjoy the benefits of the concession during the period of its grant. This right to enjoy is a defeasible one, in the sense, that it may be taken away in exercise of the very power under which the exemption was granted.”, observed a bench of Justices PS Narasimha and Alok Aradhe.
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February 27, 2026, 06:47 PM - 2 min read
Tracing the evolution of India’s tax system since Independence, the Governor noted that major reforms, particularly after liberalisation, aimed at simplifying and enhancing transparency in the tax framework. Schemes like “Vivad se Vishwas,” he said, reflected a participatory and trust-based approach to tax administration.
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