https://www.taxtmi.com/caselaws?id=356842 Once SICA proceedings abate on repeal, interim protections and ancillary benefits under a sanctioned rehabilitation scheme do not survive unless independently preserved by law. The Court held that the petitioner could not enforce continuation of CST exemption after the Sick Industrial Companies (Special Provisions) Repeal Act, 2003 came into force, and there was no remaining enforceable right based on the extinguished BIFR proceedings. It also noted that the earlier order in the petitioner's favour had already been set aside in appellate proceedings. On that basis, the writ court found no ground to quash the tax demands or grant relief. en-us Thu, 08 Mar 2018 00:00:00 +0530 Wed, 14 Mar 2018 06:48:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=356842 Once SICA proceedings abate on repeal, interim protections and ancillary benefits under a sanctioned rehabilitation scheme do not survive unless independently preserved by law. The Court held that the petitioner could not enforce continuation of CST exemption after the Sick Industrial Companies (Special Provisions) Repeal Act, 2003 came into force, and there was no remaining enforceable right based on the extinguished BIFR proceedings. It also noted that the earlier order in the petitioner's favour had already been set aside in appellate proceedings. On that basis, the writ court found no ground to quash the tax demands or grant relief. Case-Laws VAT and Sales Tax Thu, 08 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=356842