https://www.taxtmi.com/caselaws?id=163739 A statutory sales tax exemption was treated as a revocable fiscal concession, so its prospective withdrawal was not barred by promissory estoppel and did not create a vested right to continue the benefit for the full original period. The amendment was also upheld against article 14 challenge because it did not create an impermissible classification among eligibility certificate holders and reflected a rational fiscal policy choice. Rule 101A was held within the delegated rule-making power under the Act. The measure further did not violate articles 301 or 304(b), as it amounted only to withdrawal of a tax concession and not a direct restraint on trade. en-us Fri, 14 Jan 2005 00:00:00 +0530 Tue, 08 Apr 2014 14:27:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=163739 A statutory sales tax exemption was treated as a revocable fiscal concession, so its prospective withdrawal was not barred by promissory estoppel and did not create a vested right to continue the benefit for the full original period. The amendment was also upheld against article 14 challenge because it did not create an impermissible classification among eligibility certificate holders and reflected a rational fiscal policy choice. Rule 101A was held within the delegated rule-making power under the Act. The measure further did not violate articles 301 or 304(b), as it amounted only to withdrawal of a tax concession and not a direct restraint on trade. Case-Laws VAT and Sales Tax Fri, 14 Jan 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=163739