https://www.taxtmi.com/caselaws?id=460277 The HC dismissed a review petition challenging the validity of notification dated 01.03.2007 that withdrew certain tax benefits. The court held that the withdrawal notification could not be sustained and was set aside, finding the withdrawal of tax benefits unjustified under the doctrine of promissory estoppel. The court determined that the earlier notification was effectively merged with the subsequent one, and respondents failed to substantiate claims of public interest or misuse to justify the withdrawal. The decision was consistent with SC precedent in Unicorn Industries case, which addressed similar withdrawal notifications. en-us Thu, 21 Sep 2023 00:00:00 +0530 Fri, 17 Jan 2025 20:05:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=460277 The HC dismissed a review petition challenging the validity of notification dated 01.03.2007 that withdrew certain tax benefits. The court held that the withdrawal notification could not be sustained and was set aside, finding the withdrawal of tax benefits unjustified under the doctrine of promissory estoppel. The court determined that the earlier notification was effectively merged with the subsequent one, and respondents failed to substantiate claims of public interest or misuse to justify the withdrawal. The decision was consistent with SC precedent in Unicorn Industries case, which addressed similar withdrawal notifications. Case-Laws Central Excise Thu, 21 Sep 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=460277