TMI BlogDoctrine of promissory estoppel - Benefit of tax concessions - The notifications withdrawing the...Doctrine of promissory estoppel - Benefit of tax concessions - The notifications withdrawing the backward area status from the concerned Panchayats will have only prospective effect i.e. will be applicable to industries being set up/expanded after the date of withdrawal notifications. These cannot be applied retrospectively to the petitioner units which had already come into production by the time the backward areas status was withdrawn from such Panchayats. These Panchayats shall have to be con..... ..... X X X X Extracts X X X X X X X X Extracts X X X X
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