हिंदी

Tax litigation in India

As per the litigation trend in courts, it appears that the government is adamant to pursue several litigations pertaining to transitional credit. Despite a settled position in law that credit is a vested right, there are several restrictions imposed on its transition, including restriction to transition cesses, imposition of timelines to transition, restriction to make multiple revisions. The government, in this regard, has placed itself into an unnecessary conundrum.

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