https://www.taxtmi.com/caselaws?id=154181 A State may be bound by promissory estoppel where it has made a clear, published promise of fiscal incentive, the industrial unit has acted on that assurance by altering its position, and no overriding public interest justifies withdrawal. The commentary states that repeated government resolutions promised ten years' sales tax incentive to new large and medium industries, and that a later statutory notification granting only five years could not defeat the earlier promise. The stated effect is that the promised benefit remained enforceable, and the contrary exemption order was unsustainable. en-us Fri, 09 Mar 1984 00:00:00 +0530 Fri, 09 Aug 2013 18:05:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=154181 A State may be bound by promissory estoppel where it has made a clear, published promise of fiscal incentive, the industrial unit has acted on that assurance by altering its position, and no overriding public interest justifies withdrawal. The commentary states that repeated government resolutions promised ten years' sales tax incentive to new large and medium industries, and that a later statutory notification granting only five years could not defeat the earlier promise. The stated effect is that the promised benefit remained enforceable, and the contrary exemption order was unsustainable. Case-Laws VAT and Sales Tax Fri, 09 Mar 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=154181