SC on 44 year old case & need for Vibrant system of Advance Ruling

Supreme Court (SC) on Forty-Four year old case and need for Vibrant system of Advance Ruling

Recently, Supreme Court delivered its verdict in a Forty-Four (44) year old pending case in case of National Co-operative Development Corporation.

While the interesting part of the judgment is the Two Postscripts penned down by Justice Kaul but let’s not directly jump to it. First let us briefly understand the issue involved and then understand the Postscripts.

The opening line of the decision – “Which pocket of the Government should be enriched has taken forty-four (44) years to decide – a case of what ought not to be!”

To appreciate the reason behind this line, let us understand the facts of the case:

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