https://www.taxtmi.com/caselaws?id=156664 Retrospective taxation of certified seeds under the Karnataka Sales Tax Act was upheld because the State Legislature's power to enact fiscal laws included retrospective operation. The court rejected promissory estoppel, holding that an administrative clarification could not restrain a valid legislative amendment and that no representation contrary to statute could defeat the levy. It also found the levy neither arbitrary nor unreasonable merely because the taxpayer had not collected the enhanced tax from purchasers, noting that tax liability attached at the point of sale and assessment only quantified that liability. The retrospective inclusion of certified seeds in the tax schedule was therefore sustained. en-us Tue, 02 Jul 1991 00:00:00 +0530 Mon, 23 Sep 2013 14:48:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=156664 Retrospective taxation of certified seeds under the Karnataka Sales Tax Act was upheld because the State Legislature's power to enact fiscal laws included retrospective operation. The court rejected promissory estoppel, holding that an administrative clarification could not restrain a valid legislative amendment and that no representation contrary to statute could defeat the levy. It also found the levy neither arbitrary nor unreasonable merely because the taxpayer had not collected the enhanced tax from purchasers, noting that tax liability attached at the point of sale and assessment only quantified that liability. The retrospective inclusion of certified seeds in the tax schedule was therefore sustained. Case-Laws VAT and Sales Tax Tue, 02 Jul 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=156664