https://www.taxtmi.com/caselaws?id=157722 A tax exemption granted under a government incentive scheme could not be withdrawn against an industrial unit that had already set up operations in reliance on the State's promise and had satisfied the scheme conditions. The later notification excluding the industry from the benefit was held inapplicable to the petitioner because promissory estoppel prevented the State from defeating an accrued incentive by subsequent withdrawal. On that basis, cancellation of the exemption certificate was illegal, and the petitioner remained entitled to the promised sales tax exemption. en-us Thu, 06 Feb 1992 00:00:00 +0530 Wed, 09 Oct 2013 18:42:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=157722 A tax exemption granted under a government incentive scheme could not be withdrawn against an industrial unit that had already set up operations in reliance on the State's promise and had satisfied the scheme conditions. The later notification excluding the industry from the benefit was held inapplicable to the petitioner because promissory estoppel prevented the State from defeating an accrued incentive by subsequent withdrawal. On that basis, cancellation of the exemption certificate was illegal, and the petitioner remained entitled to the promised sales tax exemption. Case-Laws VAT and Sales Tax Thu, 06 Feb 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=157722