Government Can Withdraw Tax Concessions Granted to Industry in Public Interest: Supreme Court

The Supreme Court of India has clarified that recipients of government-granted tax concessions have no vested right to claim that such concessions must continue indefinitely. A bench comprising Justices PS Narasimha and Alok Aradhe held that concessions are defeasible rights, and the government can withdraw them in public interest. Case Background And Dispute The case arose from electricity duty exemptions granted by the State of Maharashtra since 1994 under Section…