https://www.taxtmi.com/caselaws?id=289159 Freezing essential commodity stocks under a control order was upheld as a reasonable restriction on trade because it was connected to the statutory scheme for equitable distribution and fair prices. The absence of express grounds for freezing did not, by itself, make the provision invalid. By contrast, the part authorising requisition or disposal of the frozen stocks at the Government procurement rate was struck down because it left compensation to executive discretion, allowed acquisition at an undefined or potentially unfair price, and imposed an unreasonable burden on traders, offending both the trade guarantee and the constitutional protection against deprivation without fair compensation. en-us Sat, 13 Mar 1954 00:00:00 +0530 Fri, 17 Jul 2020 18:45:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=289159 Freezing essential commodity stocks under a control order was upheld as a reasonable restriction on trade because it was connected to the statutory scheme for equitable distribution and fair prices. The absence of express grounds for freezing did not, by itself, make the provision invalid. By contrast, the part authorising requisition or disposal of the frozen stocks at the Government procurement rate was struck down because it left compensation to executive discretion, allowed acquisition at an undefined or potentially unfair price, and imposed an unreasonable burden on traders, offending both the trade guarantee and the constitutional protection against deprivation without fair compensation. Case-Laws Indian Laws Sat, 13 Mar 1954 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=289159