https://www.taxtmi.com/caselaws?id=200330 The Supreme Court dismissed the appeals challenging the constitutional validity of provisions of the Punjab Excise Act and Rules. The Court upheld that licensees must adhere to the terms agreed upon at auction and cannot evade contractual obligations through legal challenges. It was held that licensees are liable to pay the full license fee as per the agreed terms, and demands for recovery of deficiency in license fee were justified. The Court emphasized that licensees must fulfill their financial responsibilities and cannot seek to avoid contractual obligations after benefiting from the licenses. en-us Fri, 30 Apr 1976 00:00:00 +0530 Mon, 26 Mar 2018 11:53:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=200330 The Supreme Court dismissed the appeals challenging the constitutional validity of provisions of the Punjab Excise Act and Rules. The Court upheld that licensees must adhere to the terms agreed upon at auction and cannot evade contractual obligations through legal challenges. It was held that licensees are liable to pay the full license fee as per the agreed terms, and demands for recovery of deficiency in license fee were justified. The Court emphasized that licensees must fulfill their financial responsibilities and cannot seek to avoid contractual obligations after benefiting from the licenses. Case-Laws Indian Laws Fri, 30 Apr 1976 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=200330