https://www.taxtmi.com/caselaws?id=159528 A governmental excise rebate granted under statutory exemption power and held out for a fixed period was enforceable once the recipient altered its position and made investments in reliance on that assurance. Promissory estoppel applied against the Government because the promise was within its authority and had been acted upon. A later withdrawal notification issued before expiry of the promised period was invalid, as a bare claim of public-interest review, unsupported by particulars or material, was insufficient to defeat the earlier representation. The Delhi HC quashed the withdrawal and upheld enforcement of the original exemption scheme. en-us Fri, 05 Jan 1990 00:00:00 +0530 Tue, 26 Nov 2013 18:07:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=159528 A governmental excise rebate granted under statutory exemption power and held out for a fixed period was enforceable once the recipient altered its position and made investments in reliance on that assurance. Promissory estoppel applied against the Government because the promise was within its authority and had been acted upon. A later withdrawal notification issued before expiry of the promised period was invalid, as a bare claim of public-interest review, unsupported by particulars or material, was insufficient to defeat the earlier representation. The Delhi HC quashed the withdrawal and upheld enforcement of the original exemption scheme. Case-Laws VAT and Sales Tax Fri, 05 Jan 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=159528