https://www.taxtmi.com/caselaws?id=105481 Deferment of sales tax granted under a rehabilitation scheme was treated as part of the sick industrial company's sanctioned assistance, and the related notification under section 17-A had to match the revised scheme. The Court explained that section 17-A(2) protected deferred tax from interest only to the extent the deferment satisfied the statutory and scheme conditions. Tax liability beyond the permissible rehabilitation deferment did not enjoy that protection and attracted interest under section 24(3). Accordingly, the assessee could not claim exemption from interest on the entire balance sales tax dues, and interest remained payable on the excess amount. en-us Tue, 08 Feb 2005 00:00:00 +0530 Thu, 29 Aug 2013 11:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=105481 Deferment of sales tax granted under a rehabilitation scheme was treated as part of the sick industrial company's sanctioned assistance, and the related notification under section 17-A had to match the revised scheme. The Court explained that section 17-A(2) protected deferred tax from interest only to the extent the deferment satisfied the statutory and scheme conditions. Tax liability beyond the permissible rehabilitation deferment did not enjoy that protection and attracted interest under section 24(3). Accordingly, the assessee could not claim exemption from interest on the entire balance sales tax dues, and interest remained payable on the excess amount. Case-Laws VAT and Sales Tax Tue, 08 Feb 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=105481