https://www.taxtmi.com/caselaws?id=171875 The court upheld the Retention Price Scheme as an administrative scheme with inherent retrospective application. It found that manufacturers had voluntarily agreed to the scheme, including its retrospective nature. The court rejected claims of statutory status for the scheme under the Essential Commodities Act and concluded it was an administrative decision. It held that retrospective changes to pricing norms were permissible under the agreement. The court dismissed allegations of promised returns and found no violation of Article 14 of the Constitution, stating that the changes were not arbitrary or unreasonable. The appeals were dismissed, and costs were not awarded. en-us Fri, 10 Feb 2006 00:00:00 +0530 Wed, 25 Nov 2015 19:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=171875 The court upheld the Retention Price Scheme as an administrative scheme with inherent retrospective application. It found that manufacturers had voluntarily agreed to the scheme, including its retrospective nature. The court rejected claims of statutory status for the scheme under the Essential Commodities Act and concluded it was an administrative decision. It held that retrospective changes to pricing norms were permissible under the agreement. The court dismissed allegations of promised returns and found no violation of Article 14 of the Constitution, stating that the changes were not arbitrary or unreasonable. The appeals were dismissed, and costs were not awarded. Case-Laws Indian Laws Fri, 10 Feb 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=171875