https://www.taxtmi.com/caselaws?id=44423 SC held that promissory estoppel can bind the Government but yields to a supervening public equity; where public interest justifies rescinding a prior exemption, the State may withdraw its representation even if parties relied on it. The appellants failed to establish superior equity or that public interest did not warrant supersession of the earlier exemption; alleged economic hardship and unequal treatment were insufficient. The Court found no requirement for mandatory prior notice before withdrawal in these circumstances and dismissed the appeal. en-us Fri, 20 Dec 1996 00:00:00 +0530 Tue, 14 Oct 2025 15:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=44423 SC held that promissory estoppel can bind the Government but yields to a supervening public equity; where public interest justifies rescinding a prior exemption, the State may withdraw its representation even if parties relied on it. The appellants failed to establish superior equity or that public interest did not warrant supersession of the earlier exemption; alleged economic hardship and unequal treatment were insufficient. The Court found no requirement for mandatory prior notice before withdrawal in these circumstances and dismissed the appeal. Case-Laws Customs Fri, 20 Dec 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=44423