Accrued money credit survives rescission of the notification where a final order had already allowed utilisation before withdrawal.

Accrued money credit earned while the notification was in force remained utilisable after rescission of the scheme, because a prior writ order in the assessee's own case had specifically permitted utilisation of credit already earned before the withdrawal date and had attained finality between the parties. A different view taken in another matter did not override that binding final order. The credit therefore continued to be available for utilisation notwithstanding the withdrawal of the notification, and the issue was resolved in favour of the assessee and against the Revenue.

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Issues: Whether the assessee could utilise the balance money credit earned under the withdrawn notification despite rescission of the scheme.

Analysis: The assessee had earned credit while the notification granting the money credit facility was in force. The earlier writ order in the assessee's own case had specifically directed permission to utilise the credit already earned before the withdrawal date, and that order had attained finality as between the parties. The fact that a different view had been taken in another matter did not displace the binding effect of the specific final order in this case. Accordingly, the accrued credit remained available for utilisation notwithstanding rescission of the scheme.

Conclusion: The issue was decided in favour of the assessee and against the Revenue.

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