https://www.taxtmi.com/caselaws?id=155783 Promissory estoppel can enforce a governmental promise of purchase or sales tax exemption in an industrial policy where an enterprise establishes and commences production in reliance on that promise and alters its position. The absence of a separate statutory notification does not defeat the promise's enforceability where no overriding statutory bar applies. Tax liability must therefore be computed after giving effect to the promised industrial-policy exemption, and an assessment refusing that benefit is liable to be quashed. en-us Fri, 11 Sep 1987 00:00:00 +0530 Sat, 07 Sep 2013 16:51:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=155783 Promissory estoppel can enforce a governmental promise of purchase or sales tax exemption in an industrial policy where an enterprise establishes and commences production in reliance on that promise and alters its position. The absence of a separate statutory notification does not defeat the promise's enforceability where no overriding statutory bar applies. Tax liability must therefore be computed after giving effect to the promised industrial-policy exemption, and an assessment refusing that benefit is liable to be quashed. Case-Laws VAT and Sales Tax Fri, 11 Sep 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=155783