https://www.taxtmi.com/caselaws?id=161310 The court ruled in favor of the petitioners, holding that the finished products sold by the industrial unit with sales tax exemption should not be subjected to sales tax until they reached the unregistered dealer/consumer. The court declared the Commissioner's circular, which contradicted this interpretation, as illegal. The judgment emphasized the application of the principle of promissory estoppel, stating that the State could not withdraw benefits promised under the Industrial Policy after the petitioners had relied on those promises. en-us Wed, 29 Jan 2003 00:00:00 +0530 Tue, 14 Jan 2014 15:54:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=161310 The court ruled in favor of the petitioners, holding that the finished products sold by the industrial unit with sales tax exemption should not be subjected to sales tax until they reached the unregistered dealer/consumer. The court declared the Commissioner's circular, which contradicted this interpretation, as illegal. The judgment emphasized the application of the principle of promissory estoppel, stating that the State could not withdraw benefits promised under the Industrial Policy after the petitioners had relied on those promises. Case-Laws VAT and Sales Tax Wed, 29 Jan 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=161310