https://www.taxtmi.com/caselaws?id=162109 A governmental tax incentive promised in an industrial policy remains enforceable where an industrial unit has acted on that promise and altered its position in reliance on it. A later departmental scheme or notification under the taxing statute cannot withdraw the promised sales tax exemption or eligibility certificate unless overriding public interest or another lawful basis is shown. The refusal to grant the benefit was therefore unsustainable to the extent it denied the promised exemption, while recovery of any tax actually collected was left open in accordance with law. en-us Fri, 07 Oct 2005 00:00:00 +0530 Wed, 19 Feb 2014 14:06:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=162109 A governmental tax incentive promised in an industrial policy remains enforceable where an industrial unit has acted on that promise and altered its position in reliance on it. A later departmental scheme or notification under the taxing statute cannot withdraw the promised sales tax exemption or eligibility certificate unless overriding public interest or another lawful basis is shown. The refusal to grant the benefit was therefore unsustainable to the extent it denied the promised exemption, while recovery of any tax actually collected was left open in accordance with law. Case-Laws VAT and Sales Tax Fri, 07 Oct 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=162109