https://www.taxtmi.com/caselaws?id=105787 An industrial exemption granted for a fixed term could not be retrospectively curtailed by an amending notification where the benefit had already crystallised after expansion, eligibility certification, and issuance of the exemption order. The power to cancel or vary notifications did not authorise retrospective withdrawal of vested or accrued rights. The State was also prevented from denying the promised exemption because the unit had altered its position on the faith of the representation, and no overriding public interest justified departure. Promissory estoppel and legitimate expectation, reinforced by Article 14, made the attempted withdrawal arbitrary and impermissible; the assessee retained the exemption for the full original period. en-us Thu, 21 Sep 2006 00:00:00 +0530 Sat, 19 Sep 2015 16:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=105787 An industrial exemption granted for a fixed term could not be retrospectively curtailed by an amending notification where the benefit had already crystallised after expansion, eligibility certification, and issuance of the exemption order. The power to cancel or vary notifications did not authorise retrospective withdrawal of vested or accrued rights. The State was also prevented from denying the promised exemption because the unit had altered its position on the faith of the representation, and no overriding public interest justified departure. Promissory estoppel and legitimate expectation, reinforced by Article 14, made the attempted withdrawal arbitrary and impermissible; the assessee retained the exemption for the full original period. Case-Laws VAT and Sales Tax Thu, 21 Sep 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=105787