https://www.taxtmi.com/caselaws?id=420694 An exemption granted by notification under the Madhya Pradesh Vanijyik Kar Adhiniyam, 1994 for a fixed period could not be withdrawn before expiry merely because section 10-B was later inserted and soybean was subsequently treated as taxable. The earlier exemption had been availed on the basis of eligibility certificates and had not been rescinded in the manner required by statute. Applying promissory estoppel and legitimate expectation, the Court held that the State could not defeat an exemption already promised and acted upon for the notified term, and the impugned notices and consequential assessment proceedings were unsustainable. en-us Fri, 01 Apr 2022 00:00:00 +0530 Tue, 18 Apr 2023 10:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=420694 An exemption granted by notification under the Madhya Pradesh Vanijyik Kar Adhiniyam, 1994 for a fixed period could not be withdrawn before expiry merely because section 10-B was later inserted and soybean was subsequently treated as taxable. The earlier exemption had been availed on the basis of eligibility certificates and had not been rescinded in the manner required by statute. Applying promissory estoppel and legitimate expectation, the Court held that the State could not defeat an exemption already promised and acted upon for the notified term, and the impugned notices and consequential assessment proceedings were unsustainable. Case-Laws VAT and Sales Tax Fri, 01 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=420694