https://www.taxtmi.com/caselaws?id=357571 Interest demand could not be finally sustained where the assessee claimed protection during its BIFR period under the Sick Industrial Companies (Special Provisions) Act, 1985. Sections 22 and 32 required examination of the relevant BIFR order and supporting records before deciding whether exemption from interest applied. As the order was not examined on the existing record, the matter was remanded for fresh adjudication, with the assessee to be given a reasonable opportunity to produce the necessary material and the adjudicating authority to decide in accordance with law. en-us Thu, 10 Aug 2017 00:00:00 +0530 Fri, 27 Apr 2018 13:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=357571 Interest demand could not be finally sustained where the assessee claimed protection during its BIFR period under the Sick Industrial Companies (Special Provisions) Act, 1985. Sections 22 and 32 required examination of the relevant BIFR order and supporting records before deciding whether exemption from interest applied. As the order was not examined on the existing record, the matter was remanded for fresh adjudication, with the assessee to be given a reasonable opportunity to produce the necessary material and the adjudicating authority to decide in accordance with law. Case-Laws Central Excise Thu, 10 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=357571