*Supreme Court Strikes Down Rule 21(8) of Punjab VAT Rules* The Supreme Court ruled that taxpayer rights cannot be altered retrospectively, declaring Rule 21(8) of Punjab VAT Rules “ultra vires.” The Court held that tax policies must have clear legislative backing and struck down the rule for lacking statutory authority. https://www.bharatlaw.ai/post/a-taxpayer-s-vested-rights-cannot-be-retrospectively-altered-supreme-court-strikes-down-rule-21-8