https://www.taxtmi.com/caselaws?id=160441 Promissory estoppel could not be relied on to claim sales tax exemption once the earlier concessionary regime was repealed and replaced by the Assam Industries (Sales Tax Concessions) Act, 1987; the claim had to be assessed under the statute then in force, and estoppel cannot compel the Government to act contrary to law. The industry also failed the statutory definition of a "new industrial unit" because it had been operating since 1962 and did not satisfy the Act's eligibility condition that effective steps be completed within the prescribed period. The exemption claim therefore failed. en-us Sat, 19 May 2001 00:00:00 +0530 Wed, 18 Dec 2013 14:24:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=160441 Promissory estoppel could not be relied on to claim sales tax exemption once the earlier concessionary regime was repealed and replaced by the Assam Industries (Sales Tax Concessions) Act, 1987; the claim had to be assessed under the statute then in force, and estoppel cannot compel the Government to act contrary to law. The industry also failed the statutory definition of a "new industrial unit" because it had been operating since 1962 and did not satisfy the Act's eligibility condition that effective steps be completed within the prescribed period. The exemption claim therefore failed. Case-Laws VAT and Sales Tax Sat, 19 May 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=160441