https://www.taxtmi.com/caselaws?id=187534 A cinema-hall incentive scheme was held to be protected by promissory estoppel where the owner had acted on the State's earlier promise of 100% entertainment tax grant-in-aid for the first two years, purchased land, built the cinema hall, and then obtained the exhibition licence. The amended Government Order reducing the benefit to 75% could not be applied retrospectively to defeat that altered position. In the absence of any material showing overriding public interest or a basis to restore the petitioner to its original position, the amendment was held operative only prospectively for persons who decided to construct cinema halls after its issuance. en-us Thu, 12 Oct 2000 00:00:00 +0530 Tue, 25 Oct 2016 18:30:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=187534 A cinema-hall incentive scheme was held to be protected by promissory estoppel where the owner had acted on the State's earlier promise of 100% entertainment tax grant-in-aid for the first two years, purchased land, built the cinema hall, and then obtained the exhibition licence. The amended Government Order reducing the benefit to 75% could not be applied retrospectively to defeat that altered position. In the absence of any material showing overriding public interest or a basis to restore the petitioner to its original position, the amendment was held operative only prospectively for persons who decided to construct cinema halls after its issuance. Case-Laws VAT and Sales Tax Thu, 12 Oct 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=187534