https://www.taxtmi.com/caselaws?id=245333 The High Court affirmed the statutory value of the Industrial Incentive Policy of Bihar, emphasizing the binding nature of promises made in such policies on State authorities. The judgment highlighted the importance of aligning notifications under various Acts with the date of Industrial Policy notification for harmonized benefits. Despite the Industrial Policy promising a concession on Central Sales Tax (CST) from 4% to 1%, the Court ruled against the petitioner seeking assessment based on 1% CST, as evidence showed collection at 4% until the CST notification. The writ was dismissed based on Industrial Policy interpretation, separate from challenging assessment or appellate orders. en-us Fri, 02 Aug 2013 00:00:00 +0530 Wed, 26 Mar 2014 16:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=245333 The High Court affirmed the statutory value of the Industrial Incentive Policy of Bihar, emphasizing the binding nature of promises made in such policies on State authorities. The judgment highlighted the importance of aligning notifications under various Acts with the date of Industrial Policy notification for harmonized benefits. Despite the Industrial Policy promising a concession on Central Sales Tax (CST) from 4% to 1%, the Court ruled against the petitioner seeking assessment based on 1% CST, as evidence showed collection at 4% until the CST notification. The writ was dismissed based on Industrial Policy interpretation, separate from challenging assessment or appellate orders. Case-Laws VAT and Sales Tax Fri, 02 Aug 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=245333