After considering the submissions, the Court observed that the scheme itself stipulated that benefits would accrue only if the conditions were fully met
The Bombay High Court has dismissed a writ petition challenging the retrospective withdrawal of tax benefits under the Industrial Park Scheme, 2002. The petitioner, Pantheon Infrastructure Private Limited, had sought relief against the Central Government’s notification dated June 22, 2017, which rescinded an earlier notification that had granted tax exemptions under Section 80-IA(4)(iii) of the…
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