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    <title>2016 (5) TMI 771 - Supreme Court</title>
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    <description>Once a sanctioned rehabilitation scheme under SICA had expired and the company had ceased to be sick, the statutory bar against recovery no longer protected the company from tax enforcement. The Revenue was therefore entitled to recover lawful dues and proceed against the company&#039;s assets, including attachment and sale in accordance with law. The Board also could not entertain a fresh request to modify or extend a scheme that had already run its course and been concluded. Any pending application for modification was not maintainable after discharge from sickness and expiry of the scheme period.</description>
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    <pubDate>Thu, 12 May 2016 00:00:00 +0530</pubDate>
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      <link>https://www.taxtmi.com/caselaws?id=327790</link>
      <description>Once a sanctioned rehabilitation scheme under SICA had expired and the company had ceased to be sick, the statutory bar against recovery no longer protected the company from tax enforcement. The Revenue was therefore entitled to recover lawful dues and proceed against the company&#039;s assets, including attachment and sale in accordance with law. The Board also could not entertain a fresh request to modify or extend a scheme that had already run its course and been concluded. Any pending application for modification was not maintainable after discharge from sickness and expiry of the scheme period.</description>
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      <pubDate>Thu, 12 May 2016 00:00:00 +0530</pubDate>
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