https://www.taxtmi.com/caselaws?id=157685 Section 3 of the Andhra Pradesh Interest-free Sales Tax Loans for Industries (Imposition of Ceiling) Act, 1987 was held to apply retrospectively from 1 January 1976, so the Rs. 10 lakh ceiling formed part of the incentive scheme under G.O. Ms. No. 224. G.O. Ms. No. 483 was treated as only quantifying the benefit under the earlier scheme, not creating an independent entitlement. Promissory estoppel could not be used to enforce a promise inconsistent with the retrospective statute, and the earlier constitutional challenge had already been rejected. The demand notices were therefore upheld and relief for implementation of G.O. Ms. No. 483 was refused. en-us Fri, 29 Nov 1991 00:00:00 +0530 Wed, 09 Oct 2013 14:19:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=157685 Section 3 of the Andhra Pradesh Interest-free Sales Tax Loans for Industries (Imposition of Ceiling) Act, 1987 was held to apply retrospectively from 1 January 1976, so the Rs. 10 lakh ceiling formed part of the incentive scheme under G.O. Ms. No. 224. G.O. Ms. No. 483 was treated as only quantifying the benefit under the earlier scheme, not creating an independent entitlement. Promissory estoppel could not be used to enforce a promise inconsistent with the retrospective statute, and the earlier constitutional challenge had already been rejected. The demand notices were therefore upheld and relief for implementation of G.O. Ms. No. 483 was refused. Case-Laws VAT and Sales Tax Fri, 29 Nov 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=157685