https://www.taxtmi.com/caselaws?id=358474 The court dismissed the petitions challenging Clause (iv) of Section 140(3) of the Central Goods and Services Tax Act. It held that the transitional provisions were not arbitrary, as they were consistent with existing laws and did not violate any accrued rights. The court found that CENVAT credit is a concession, not an absolute right, and rejected arguments based on promissory estoppel and retrospective application of fiscal statutes. The petitions were dismissed without costs. en-us Tue, 20 Mar 2018 00:00:00 +0530 Tue, 25 Feb 2025 17:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=358474 The court dismissed the petitions challenging Clause (iv) of Section 140(3) of the Central Goods and Services Tax Act. It held that the transitional provisions were not arbitrary, as they were consistent with existing laws and did not violate any accrued rights. The court found that CENVAT credit is a concession, not an absolute right, and rejected arguments based on promissory estoppel and retrospective application of fiscal statutes. The petitions were dismissed without costs. Case-Laws GST Tue, 20 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=358474