https://www.taxtmi.com/caselaws?id=448110 An industrial incentive regime offering time-bound VAT/CST exemptions to units in category 'C' areas remained enforceable for units that had already commenced production in reliance on the promise. The State could not retrospectively withdraw the promised exemption merely because the Panchayats later lost backward area status, since the exemption notifications implementing the policy were never lawfully withdrawn for existing beneficiaries. Promissory estoppel therefore operated against the State in the absence of any shown overriding public interest or lawful cessation of the exemption regime for units already in production, and tax demands for the promised exemption period were inconsistent with the policy and notifications. en-us Mon, 04 Dec 2023 00:00:00 +0530 Fri, 12 Jan 2024 08:39:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=448110 An industrial incentive regime offering time-bound VAT/CST exemptions to units in category 'C' areas remained enforceable for units that had already commenced production in reliance on the promise. The State could not retrospectively withdraw the promised exemption merely because the Panchayats later lost backward area status, since the exemption notifications implementing the policy were never lawfully withdrawn for existing beneficiaries. Promissory estoppel therefore operated against the State in the absence of any shown overriding public interest or lawful cessation of the exemption regime for units already in production, and tax demands for the promised exemption period were inconsistent with the policy and notifications. Case-Laws VAT and Sales Tax Mon, 04 Dec 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=448110