https://www.taxtmi.com/caselaws?id=264939 The court held that M/s. VM Extrusions Private Limited was entitled to exemption from entry tax based on the principle of promissory estoppel. The court found that the 2001-06 Policy, which provided incentives including entry tax exemption, applied to the respondent despite a subsequent notification limiting the exemption. The court emphasized the government's obligation to fulfill promises made, supporting the application of promissory estoppel due to the respondent's reliance and the government's delay. The judgment granting the exemption from the date of commercial production in 2004 was upheld, dismissing the State Government's appeal. en-us Fri, 08 Aug 2014 00:00:00 +0530 Sun, 04 Oct 2015 12:40:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=264939 The court held that M/s. VM Extrusions Private Limited was entitled to exemption from entry tax based on the principle of promissory estoppel. The court found that the 2001-06 Policy, which provided incentives including entry tax exemption, applied to the respondent despite a subsequent notification limiting the exemption. The court emphasized the government's obligation to fulfill promises made, supporting the application of promissory estoppel due to the respondent's reliance and the government's delay. The judgment granting the exemption from the date of commercial production in 2004 was upheld, dismissing the State Government's appeal. Case-Laws VAT and Sales Tax Fri, 08 Aug 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=264939