https://www.taxtmi.com/caselaws?id=160028 Under section 22 of the Sick Industrial Companies (Special Provisions) Act, 1985, coercive recovery proceedings against the properties of a sick industrial company remain suspended while a sanctioned rehabilitation scheme is under implementation unless the Board for Industrial and Financial Reconstruction consents. The Court noted that this protection applies to pre-scheme tax dues and does not extinguish the underlying liability; it only keeps recovery in abeyance until the scheme is fully implemented. Because the recovery action was taken without Board consent for dues relating to periods before the sanctioned scheme, the attachment order and notices were liable to be quashed. en-us Tue, 25 Aug 1998 00:00:00 +0530 Sat, 07 Dec 2013 14:10:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=160028 Under section 22 of the Sick Industrial Companies (Special Provisions) Act, 1985, coercive recovery proceedings against the properties of a sick industrial company remain suspended while a sanctioned rehabilitation scheme is under implementation unless the Board for Industrial and Financial Reconstruction consents. The Court noted that this protection applies to pre-scheme tax dues and does not extinguish the underlying liability; it only keeps recovery in abeyance until the scheme is fully implemented. Because the recovery action was taken without Board consent for dues relating to periods before the sanctioned scheme, the attachment order and notices were liable to be quashed. Case-Laws VAT and Sales Tax Tue, 25 Aug 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=160028