https://www.taxtmi.com/caselaws?id=42780 Promissory estoppel can bind the Government where a tax concession notification induces a party to alter its position and complete project investments in reliance on the representation. A later policy change, by itself, is insufficient to justify withdrawal; the Government must show overriding public interest with proper supporting material. The fact that the concession was granted through delegated or subordinate legislation does not exclude estoppel in such circumstances. On these facts, the withdrawal notification was held unsustainable because no adequate public-interest basis was established for unilateral revocation of the excise concession. en-us Mon, 11 Sep 1989 00:00:00 +0530 Mon, 14 Jun 2010 12:22:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=42780 Promissory estoppel can bind the Government where a tax concession notification induces a party to alter its position and complete project investments in reliance on the representation. A later policy change, by itself, is insufficient to justify withdrawal; the Government must show overriding public interest with proper supporting material. The fact that the concession was granted through delegated or subordinate legislation does not exclude estoppel in such circumstances. On these facts, the withdrawal notification was held unsustainable because no adequate public-interest basis was established for unilateral revocation of the excise concession. Case-Laws Central Excise Mon, 11 Sep 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=42780