https://www.taxtmi.com/caselaws?id=236753 Promissory estoppel cannot be invoked against the State on the basis of a budget speech proposal for reduction of entertainment tax, because a fiscal proposal is not a clear, unequivocal and enforceable promise. The statutory levy remained operative, and any change in tax collection or rate required the proper legal or policy process. The petitioners also failed to prove detrimental alteration of position in reliance on the alleged representation, as continued cinema operations and improvements were not shown to be induced by the State. In fiscal matters, absent binding promise, reliance and equity, the demand could not be quashed. en-us Tue, 07 May 2013 00:00:00 +0530 Wed, 16 Jul 2014 12:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=236753 Promissory estoppel cannot be invoked against the State on the basis of a budget speech proposal for reduction of entertainment tax, because a fiscal proposal is not a clear, unequivocal and enforceable promise. The statutory levy remained operative, and any change in tax collection or rate required the proper legal or policy process. The petitioners also failed to prove detrimental alteration of position in reliance on the alleged representation, as continued cinema operations and improvements were not shown to be induced by the State. In fiscal matters, absent binding promise, reliance and equity, the demand could not be quashed. Case-Laws VAT and Sales Tax Tue, 07 May 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=236753