https://www.taxtmi.com/caselaws?id=335779 Promissory estoppel protected the petitioner's sales tax exemption under the Industrial Policy, 1996 and Incentives Code, 1996 because it had materially altered its position by acquiring land, securing licences and registrations, arranging finance, and substantially setting up the unit before the State introduced later restrictive notifications. The State's earlier communication had confirmed eligibility under the existing incentive framework, and the subsequent notifications could not be used to defeat the accrued benefit on the facts stated. The petitioner's entitlement to the promised exemption was therefore preserved, and the later cut-off conditions were ineffective against it absent overriding public interest. en-us Thu, 10 Nov 2016 00:00:00 +0530 Fri, 24 Aug 2018 10:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=335779 Promissory estoppel protected the petitioner's sales tax exemption under the Industrial Policy, 1996 and Incentives Code, 1996 because it had materially altered its position by acquiring land, securing licences and registrations, arranging finance, and substantially setting up the unit before the State introduced later restrictive notifications. The State's earlier communication had confirmed eligibility under the existing incentive framework, and the subsequent notifications could not be used to defeat the accrued benefit on the facts stated. The petitioner's entitlement to the promised exemption was therefore preserved, and the later cut-off conditions were ineffective against it absent overriding public interest. Case-Laws VAT and Sales Tax Thu, 10 Nov 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=335779