https://www.taxtmi.com/caselaws?id=159068 A sick industrial company that received deferment and a moratorium on sales tax under a rehabilitation scheme could not invoke section 22(1) of the Sick Industrial Companies (Special Provisions) Act, 1985 to block recovery after defaulting on the deferred instalments. The controlling principle is that section 22(1) is not an absolute embargo on recovery proceedings; its protection depends on the statutory scheme and prior consent requirements, and it cannot be used indefinitely to defeat recovery of amounts the company had undertaken to pay and then failed to pay. Recovery notices for the defaulted deferred sales tax were therefore sustainable. en-us Mon, 17 Aug 1998 00:00:00 +0530 Thu, 14 Nov 2013 15:59:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=159068 A sick industrial company that received deferment and a moratorium on sales tax under a rehabilitation scheme could not invoke section 22(1) of the Sick Industrial Companies (Special Provisions) Act, 1985 to block recovery after defaulting on the deferred instalments. The controlling principle is that section 22(1) is not an absolute embargo on recovery proceedings; its protection depends on the statutory scheme and prior consent requirements, and it cannot be used indefinitely to defeat recovery of amounts the company had undertaken to pay and then failed to pay. Recovery notices for the defaulted deferred sales tax were therefore sustainable. Case-Laws VAT and Sales Tax Mon, 17 Aug 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=159068