Tag: budget

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Taxation

FROM TRUST TO TAX: WHY BUDGET 2026’S GOLD BOND FAILS THE PRINCIPLE OF PROMISSORY ESTOPPEL AND LEGITIMATE EXPECTATIONS

Shreshth Nigam and Ram Sundar Singh Akela I. INTRODUCTION By putting his trust and capital into a state-recognised instrument, a citizen does so upon the basis of a legal promise that the conditions under which he invested will be respected during its existence. This promise is what has been threatened by the recent announcement of […]