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High Court Misapplies Promissory Estoppel, Grants Exemption from Production Date Instead of Notification Date.

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....High Court was not correct in applying the principle of Promissory Estoppel to grant the benefit of exemption to the industrial unit from the date of production instead of the date of the exemption notification. - SC....

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High Court Misapplies Promissory Estoppel, Grants Exemption from Production Date Instead of Notification Date.