https://www.taxtmi.com/caselaws?id=165375 A statutory sales tax exemption for edible oil units was treated as a revocable concession because the policy operated only through notification and the State had reserved power to amend the negative list. Promissory estoppel therefore did not bar withdrawal of the exemption, as no enforceable assurance was created that the concession would continue unchanged. The earlier ruling invalidating the original exemption notification remained binding, so the State could consistently include edible oils in the negative list and withdraw the benefit. On that basis, the withdrawal of sales tax exemption to edible oil units was upheld. en-us Thu, 04 Aug 2005 00:00:00 +0530 Fri, 08 Nov 2019 14:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=165375 A statutory sales tax exemption for edible oil units was treated as a revocable concession because the policy operated only through notification and the State had reserved power to amend the negative list. Promissory estoppel therefore did not bar withdrawal of the exemption, as no enforceable assurance was created that the concession would continue unchanged. The earlier ruling invalidating the original exemption notification remained binding, so the State could consistently include edible oils in the negative list and withdraw the benefit. On that basis, the withdrawal of sales tax exemption to edible oil units was upheld. Case-Laws VAT and Sales Tax Thu, 04 Aug 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=165375