https://www.taxtmi.com/caselaws?id=157684 Promissory estoppel cannot be used to compel the State to act contrary to a statutory ceiling or to defeat retrospective legislation. The article explains that an equitable executive assurance cannot override the A.P. Interest-free Sales Tax Loans for Industries (Imposition of Ceiling) Act, 1987, because the doctrine does not bind the Government where the representation conflicts with the statutory scheme. It also notes that entitlement to an incentive under an earlier Government order depends on clear reliance and alteration of position; on the stated facts, the industry did not act within the scheme period or establish the required reliance, so the incentive claim failed. en-us Thu, 04 Mar 1993 00:00:00 +0530 Wed, 09 Oct 2013 14:11:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=157684 Promissory estoppel cannot be used to compel the State to act contrary to a statutory ceiling or to defeat retrospective legislation. The article explains that an equitable executive assurance cannot override the A.P. Interest-free Sales Tax Loans for Industries (Imposition of Ceiling) Act, 1987, because the doctrine does not bind the Government where the representation conflicts with the statutory scheme. It also notes that entitlement to an incentive under an earlier Government order depends on clear reliance and alteration of position; on the stated facts, the industry did not act within the scheme period or establish the required reliance, so the incentive claim failed. Case-Laws VAT and Sales Tax Thu, 04 Mar 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=157684