https://www.taxtmi.com/caselaws?id=163951 A sanctioned rehabilitation scheme that granted sales tax and VAT exemption for a fixed period, without any monetary ceiling, had to be implemented according to its terms. A later notification could not lawfully curtail that benefit by adding a tax cap inconsistent with the scheme. The rehabilitation authority's directions were limited to enforcing the original scheme and were supported by the VAT savings provision preserving existing exemption benefits for the balance of the scheme period. Because the State had consented to the scheme, objections based on lack of consent or hearing did not establish illegality. The challenge failed and the exemption directions for the remaining period were upheld. en-us Fri, 24 Apr 2009 00:00:00 +0530 Mon, 10 Nov 2014 19:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=163951 A sanctioned rehabilitation scheme that granted sales tax and VAT exemption for a fixed period, without any monetary ceiling, had to be implemented according to its terms. A later notification could not lawfully curtail that benefit by adding a tax cap inconsistent with the scheme. The rehabilitation authority's directions were limited to enforcing the original scheme and were supported by the VAT savings provision preserving existing exemption benefits for the balance of the scheme period. Because the State had consented to the scheme, objections based on lack of consent or hearing did not establish illegality. The challenge failed and the exemption directions for the remaining period were upheld. Case-Laws VAT and Sales Tax Fri, 24 Apr 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=163951