https://www.taxtmi.com/caselaws?id=202118 A fiscal exemption under a delegated incentive scheme may be withdrawn or limited prospectively in public interest, and promissory estoppel does not require the State to extend the concession beyond the valid terms of the amended policy where bona fide action is shown. The earlier judgment had left open only the quantum of exemption, and the Court held that the relevant amendment protected investments made up to the date the solvent extraction plant was included in the negative list. The quantified exemption fixed by the authorities was therefore consistent with the scheme, and the claim for exemption on the entire post-amendment investment was rejected. en-us Mon, 21 Feb 2011 00:00:00 +0530 Tue, 21 Mar 2017 17:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=202118 A fiscal exemption under a delegated incentive scheme may be withdrawn or limited prospectively in public interest, and promissory estoppel does not require the State to extend the concession beyond the valid terms of the amended policy where bona fide action is shown. The earlier judgment had left open only the quantum of exemption, and the Court held that the relevant amendment protected investments made up to the date the solvent extraction plant was included in the negative list. The quantified exemption fixed by the authorities was therefore consistent with the scheme, and the claim for exemption on the entire post-amendment investment was rejected. Case-Laws VAT and Sales Tax Mon, 21 Feb 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=202118