https://www.taxtmi.com/caselaws?id=159891 An eligibility certificate under a fiscal incentive scheme, once fully acted upon and exhausted, could not be retrospectively cancelled merely because it was later found to have been granted on an incorrect basis. The certificate had been issued for expansion rather than a new industrial unit, but no fraud, misrepresentation or suppression by the dealer was shown, and the error was attributable to the Screening Committee. Promissory estoppel was held inapplicable because the dispute concerned an erroneous grant, not withdrawal of an existing lawful concession. On these facts, later cancellation was unjustified and inequitable; any correction could operate only prospectively while the certificate remained in force. en-us Thu, 01 Jan 1998 00:00:00 +0530 Tue, 03 Dec 2013 16:36:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=159891 An eligibility certificate under a fiscal incentive scheme, once fully acted upon and exhausted, could not be retrospectively cancelled merely because it was later found to have been granted on an incorrect basis. The certificate had been issued for expansion rather than a new industrial unit, but no fraud, misrepresentation or suppression by the dealer was shown, and the error was attributable to the Screening Committee. Promissory estoppel was held inapplicable because the dispute concerned an erroneous grant, not withdrawal of an existing lawful concession. On these facts, later cancellation was unjustified and inequitable; any correction could operate only prospectively while the certificate remained in force. Case-Laws VAT and Sales Tax Thu, 01 Jan 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=159891