https://www.taxtmi.com/caselaws?id=161185 The Tribunal allowed the writ petitions, quashing the retrospective operation of a notification reducing tax exemption under the Rajasthan Sales Tax Act. It held that exemptions granted under the RST Act and CST Act cannot be withdrawn retrospectively, citing legal precedents and invoking the principle of promissory estoppel to protect the petitioner's legitimate expectations. The decision ensures fairness and legal certainty in taxation matters by upholding that exemptions cannot be withdrawn retrospectively, clarifying the limitations on such actions under the relevant statutes. en-us Thu, 14 Aug 1997 00:00:00 +0530 Wed, 08 Jan 2014 18:28:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=161185 The Tribunal allowed the writ petitions, quashing the retrospective operation of a notification reducing tax exemption under the Rajasthan Sales Tax Act. It held that exemptions granted under the RST Act and CST Act cannot be withdrawn retrospectively, citing legal precedents and invoking the principle of promissory estoppel to protect the petitioner's legitimate expectations. The decision ensures fairness and legal certainty in taxation matters by upholding that exemptions cannot be withdrawn retrospectively, clarifying the limitations on such actions under the relevant statutes. Case-Laws VAT and Sales Tax Thu, 14 Aug 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=161185