https://www.taxtmi.com/caselaws?id=160941 An exemption granted under a taxing statute may be withdrawn where the statute expressly authorises withdrawal, and the power to grant exemption includes the power to rescind or modify the notification. Promissory estoppel cannot be used to defeat a statutory power, and the withdrawal may be sustained where supported by public interest, including fiscal stabilisation. On the facts stated, no material supported allegations of arbitrariness or discrimination, so the challenge to the withdrawal of the sales tax exemption failed. en-us Tue, 08 Jan 2002 00:00:00 +0530 Thu, 26 Dec 2013 18:49:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=160941 An exemption granted under a taxing statute may be withdrawn where the statute expressly authorises withdrawal, and the power to grant exemption includes the power to rescind or modify the notification. Promissory estoppel cannot be used to defeat a statutory power, and the withdrawal may be sustained where supported by public interest, including fiscal stabilisation. On the facts stated, no material supported allegations of arbitrariness or discrimination, so the challenge to the withdrawal of the sales tax exemption failed. Case-Laws VAT and Sales Tax Tue, 08 Jan 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=160941