https://www.taxtmi.com/caselaws?id=155783 A governmental promise of tax exemption in an industrial policy may bind the State where an industrial unit is established and production begins in reliance on that representation. The note explains that promissory estoppel can apply against Government when a clear promise is intended to be acted on and is in fact acted on, and the absence of a separate notification under the sales tax statute does not necessarily defeat the promise on these facts. The assessment rejecting the exemption was therefore inconsistent with the policy representation, and tax liability had to be worked out on the basis of the promised benefit. 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 A governmental promise of tax exemption in an industrial policy may bind the State where an industrial unit is established and production begins in reliance on that representation. The note explains that promissory estoppel can apply against Government when a clear promise is intended to be acted on and is in fact acted on, and the absence of a separate notification under the sales tax statute does not necessarily defeat the promise on these facts. The assessment rejecting the exemption was therefore inconsistent with the policy representation, and tax liability had to be worked out on the basis of the promised benefit. Case-Laws VAT and Sales Tax Fri, 11 Sep 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=155783