Supreme Court Explains the Legal Propositions of Fiscal Jurisprudence
It has been held that there is a basic proposition of fiscal jurisprudence: a tax or duty can only be levied where there is (i) a clear charging provision enacted by competent legislature; (ii) an identifiable taxable event; and (iii) a statutory rate-making mechanism. The machinery provisions may regulate assessment and collection.
Adani Power Ltd v. Union of India [2026] GCtR 2 (SC)