https://www.taxtmi.com/caselaws?id=191940 The court held that the Central Government lacks the authority to revoke an exemption granted under section 89(4) of the Companies Act, 1956, after the one-year period specified in section 89(1) has elapsed. The challenged order rescinding the exemption was deemed invalid, and the respondents were restrained from enforcing it. The petition was granted, and the respondents were directed to cover the petitioner company's costs. en-us Wed, 09 Dec 1964 00:00:00 +0530 Wed, 10 May 2017 18:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=191940 The court held that the Central Government lacks the authority to revoke an exemption granted under section 89(4) of the Companies Act, 1956, after the one-year period specified in section 89(1) has elapsed. The challenged order rescinding the exemption was deemed invalid, and the respondents were restrained from enforcing it. The petition was granted, and the respondents were directed to cover the petitioner company's costs. Case-Laws Companies Law Wed, 09 Dec 1964 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=191940