https://www.taxtmi.com/caselaws?id=153124 A governmental sales tax exemption promised to small-scale industries and relied on to establish units and invest funds was held enforceable under promissory estoppel. The later withdrawal notifications could not defeat the earlier representation because no overriding public interest or other legally sufficient justification for resiling from the promise was shown. The State was therefore bound to honour the tax holiday in favour of the petitioners, and the impugned notifications were ineffective against them. en-us Wed, 30 Jul 1980 00:00:00 +0530 Wed, 17 Jul 2013 17:31:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=153124 A governmental sales tax exemption promised to small-scale industries and relied on to establish units and invest funds was held enforceable under promissory estoppel. The later withdrawal notifications could not defeat the earlier representation because no overriding public interest or other legally sufficient justification for resiling from the promise was shown. The State was therefore bound to honour the tax holiday in favour of the petitioners, and the impugned notifications were ineffective against them. Case-Laws VAT and Sales Tax Wed, 30 Jul 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=153124