https://www.taxtmi.com/caselaws?id=43880 The SC held that a time-bound exemption notification issued under Section 25(1) was not an unequivocal promise attracting promissory estoppel and could be rescinded when the Government, satisfied that public interest required it, withdrew the exemption before its extended expiry. The Court found the High Court correct that statutory notifications issued in public interest do not create enforceable legal relationships by way of promise, and therefore the appeals challenging the withdrawal were dismissed. en-us Tue, 18 Oct 1994 00:00:00 +0530 Thu, 16 Oct 2025 15:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=43880 The SC held that a time-bound exemption notification issued under Section 25(1) was not an unequivocal promise attracting promissory estoppel and could be rescinded when the Government, satisfied that public interest required it, withdrew the exemption before its extended expiry. The Court found the High Court correct that statutory notifications issued in public interest do not create enforceable legal relationships by way of promise, and therefore the appeals challenging the withdrawal were dismissed. Case-Laws Customs Tue, 18 Oct 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=43880