https://www.taxtmi.com/caselaws?id=159476 A sales tax incentive scheme that expressly characterised benefits as a concession and reserved power to review or amend did not create an immutable entitlement enforceable through promissory estoppel. The State could therefore amend the scheme prospectively and reduce the exemption structure. However, a retrospective curtailment of an already extended tax concession from 5 March 1987 was beyond the permissible scope of the statutory and notification-making power and was held invalid as arbitrary. The challenge succeeded only to the extent of striking down retrospective operation, while prospective amendment of the scheme remained valid. en-us Thu, 29 Aug 1991 00:00:00 +0530 Tue, 26 Nov 2013 12:30:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=159476 A sales tax incentive scheme that expressly characterised benefits as a concession and reserved power to review or amend did not create an immutable entitlement enforceable through promissory estoppel. The State could therefore amend the scheme prospectively and reduce the exemption structure. However, a retrospective curtailment of an already extended tax concession from 5 March 1987 was beyond the permissible scope of the statutory and notification-making power and was held invalid as arbitrary. The challenge succeeded only to the extent of striking down retrospective operation, while prospective amendment of the scheme remained valid. Case-Laws VAT and Sales Tax Thu, 29 Aug 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=159476