https://www.taxtmi.com/caselaws?id=155601 Purchase tax on raw materials could not be levied where the industrial policy had promised exemption and the unit commenced production within the covered period. The denial of relief was rejected because the State was bound by the exemption assured under the Industrial Policy Resolution, 1979, and the absence of a notification under section 6 of the Orissa Sales Tax Act did not defeat that promise. Applying promissory estoppel and its earlier ruling on the same issue, the assessment order refusing exemption was quashed and the authority was directed to reassess liability in accordance with that position. en-us Wed, 28 Oct 1987 00:00:00 +0530 Thu, 05 Sep 2013 16:49:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=155601 Purchase tax on raw materials could not be levied where the industrial policy had promised exemption and the unit commenced production within the covered period. The denial of relief was rejected because the State was bound by the exemption assured under the Industrial Policy Resolution, 1979, and the absence of a notification under section 6 of the Orissa Sales Tax Act did not defeat that promise. Applying promissory estoppel and its earlier ruling on the same issue, the assessment order refusing exemption was quashed and the authority was directed to reassess liability in accordance with that position. Case-Laws VAT and Sales Tax Wed, 28 Oct 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=155601