https://www.taxtmi.com/caselaws?id=169084 The court clarified the interpretation of the Tripura Incentive Scheme, 1995, regarding sales tax exemptions for industrial units. It held that the doctrine of promissory estoppel did not apply to the State's decision to replace the exemption scheme with a refund scheme, as there was no promise extending the tax benefits beyond the specified period. The court emphasized that statutory exemptions could be withdrawn unless the doctrine of promissory estoppel applied. Consequently, the State was deemed authorized to modify or revoke concession schemes, leading to the dismissal of the petitions. en-us Wed, 05 Feb 2014 00:00:00 +0530 Mon, 06 Apr 2015 21:17:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=169084 The court clarified the interpretation of the Tripura Incentive Scheme, 1995, regarding sales tax exemptions for industrial units. It held that the doctrine of promissory estoppel did not apply to the State's decision to replace the exemption scheme with a refund scheme, as there was no promise extending the tax benefits beyond the specified period. The court emphasized that statutory exemptions could be withdrawn unless the doctrine of promissory estoppel applied. Consequently, the State was deemed authorized to modify or revoke concession schemes, leading to the dismissal of the petitions. Case-Laws VAT and Sales Tax Wed, 05 Feb 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=169084