https://www.taxtmi.com/caselaws?id=159684 Promissory estoppel barred the State from amending an industrial sales tax incentive scheme to exclude oil extraction and manufacturing units after the assessee had altered its position by acquiring land, investing in construction and machinery, and commencing production in reliance on the government promise. The Rajasthan HC held that the subsequent amendment could not operate to the detriment of accrued benefits, and the plea of public interest was insufficient on these facts to defeat the promisee's entitlement. The writ petition succeeded, the amending notification was quashed, and entitlement under the earlier incentive schemes was upheld. en-us Sat, 30 Jan 1999 00:00:00 +0530 Fri, 29 Nov 2013 14:50:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=159684 Promissory estoppel barred the State from amending an industrial sales tax incentive scheme to exclude oil extraction and manufacturing units after the assessee had altered its position by acquiring land, investing in construction and machinery, and commencing production in reliance on the government promise. The Rajasthan HC held that the subsequent amendment could not operate to the detriment of accrued benefits, and the plea of public interest was insufficient on these facts to defeat the promisee's entitlement. The writ petition succeeded, the amending notification was quashed, and entitlement under the earlier incentive schemes was upheld. Case-Laws VAT and Sales Tax Sat, 30 Jan 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=159684