THE STATE OF GUJARAT vs MULTIPLEX ASSN. OF GUJARAT THROUGH ITS PRESIDENT

The Supreme Court examined the validity of tax exemption schemes granted to multiplexes by the State of Gujarat, focusing on the method of calculation and exemption limits. The Court previously held that denial of extension of such schemes was unjustified and invoked the doctrine of promissory estoppel. The case involved the interpretation of the exemption notification issued in 1995 and the procedural aspects of extending incentives. The Court emphasized the importance of fair and transparent calculation methods in tax incentive schemes.