https://www.taxtmi.com/caselaws?id=157489 Promissory estoppel against the Government applies only where an assessee has substantially and irretrievably altered position in reliance on a tax exemption promise before the scheme is withdrawn. Mere preliminary steps, such as tenancy arrangements and machinery orders, were insufficient here, and production began only after the amended exemption scheme took effect. The statutory restructuring of the sales tax exemption scheme therefore prevailed, and the applicants could not claim an eligibility certificate on the basis of the earlier rule. en-us Wed, 23 Jun 1993 00:00:00 +0530 Mon, 07 Oct 2013 11:17:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=157489 Promissory estoppel against the Government applies only where an assessee has substantially and irretrievably altered position in reliance on a tax exemption promise before the scheme is withdrawn. Mere preliminary steps, such as tenancy arrangements and machinery orders, were insufficient here, and production began only after the amended exemption scheme took effect. The statutory restructuring of the sales tax exemption scheme therefore prevailed, and the applicants could not claim an eligibility certificate on the basis of the earlier rule. Case-Laws VAT and Sales Tax Wed, 23 Jun 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=157489