https://www.taxtmi.com/caselaws?id=161902 Promissory estoppel does not bar the State from prospectively withdrawing sales tax incentives where supervening public interest, including fiscal and revenue protection, justifies a policy change. The power to grant exemptions and deferments under the sales tax statute includes, with the aid of the general clauses law, the power to rescind those notifications even without an express rescission clause. Later Cabinet ratification can validate an earlier notification, and prior notice is not a validity when withdrawal is supported by overriding public interest. Classification between categories of industrial units in taxation matters will be upheld if it has intelligible differentia and a rational nexus to the fiscal objective. en-us Tue, 14 Sep 2004 00:00:00 +0530 Mon, 10 Feb 2014 17:52:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=161902 Promissory estoppel does not bar the State from prospectively withdrawing sales tax incentives where supervening public interest, including fiscal and revenue protection, justifies a policy change. The power to grant exemptions and deferments under the sales tax statute includes, with the aid of the general clauses law, the power to rescind those notifications even without an express rescission clause. Later Cabinet ratification can validate an earlier notification, and prior notice is not a validity when withdrawal is supported by overriding public interest. Classification between categories of industrial units in taxation matters will be upheld if it has intelligible differentia and a rational nexus to the fiscal objective. Case-Laws VAT and Sales Tax Tue, 14 Sep 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=161902