https://www.taxtmi.com/caselaws?id=286389 Promissory and equitable estoppel may, in principle, enforce governmental assurances where a party has altered its position to its detriment, but the doctrine applies more narrowly when the State acts in a governmental, public, or sovereign capacity. It will not prevent a policy change where public interest requires it, and operates only to prevent fraud or manifest injustice. On the stated facts, the cash assistance scheme for walnut exporters was linked to expected market losses, that basis disappeared with rising international prices, actual loss was not proved, and the withdrawal was not arbitrary. The challenge to the withdrawal therefore failed. en-us Mon, 27 Oct 1975 00:00:00 +0530 Mon, 24 Feb 2020 14:33:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=286389 Promissory and equitable estoppel may, in principle, enforce governmental assurances where a party has altered its position to its detriment, but the doctrine applies more narrowly when the State acts in a governmental, public, or sovereign capacity. It will not prevent a policy change where public interest requires it, and operates only to prevent fraud or manifest injustice. On the stated facts, the cash assistance scheme for walnut exporters was linked to expected market losses, that basis disappeared with rising international prices, actual loss was not proved, and the withdrawal was not arbitrary. The challenge to the withdrawal therefore failed. Case-Laws Indian Laws Mon, 27 Oct 1975 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=286389