https://www.taxtmi.com/caselaws?id=81602 Promissory estoppel may bind the State where a governmental promise is made and relied upon to the promisee's detriment, but it cannot compel performance of a promise that conflicts with constitutional limits, a taxing statute, or public policy. The text distinguishes a permissible tax exemption granted as an industrial incentive from a promise to refund sales tax already lawfully collected. A refund of lawfully realised tax would divert public revenue to a private party and is inconsistent with the constitutional scheme of taxation, so such an assurance cannot be validated by equity and would be void as against public policy. en-us Thu, 05 Mar 1992 00:00:00 +0530 Wed, 10 Dec 2025 20:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=81602 Promissory estoppel may bind the State where a governmental promise is made and relied upon to the promisee's detriment, but it cannot compel performance of a promise that conflicts with constitutional limits, a taxing statute, or public policy. The text distinguishes a permissible tax exemption granted as an industrial incentive from a promise to refund sales tax already lawfully collected. A refund of lawfully realised tax would divert public revenue to a private party and is inconsistent with the constitutional scheme of taxation, so such an assurance cannot be validated by equity and would be void as against public policy. Case-Laws VAT / Sales Tax Thu, 05 Mar 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=81602