https://www.taxtmi.com/caselaws?id=382916 Under Section 19 of the Sick Industrial Companies (Special Provisions) Act, 1985, income-tax concessions in a rehabilitation scheme bind the concerned authority only where consent is given. A clause directing the authority merely "to consider" income-tax relief does not create a mandate to grant waiver or related benefits, especially where the Revenue objected at the scheme-framing stage and did not agree to the concession. On that basis, the claimed income-tax relief and carry-forward benefit were not available to the petitioner, and the refusal was upheld. en-us Tue, 09 Jul 2019 00:00:00 +0530 Wed, 19 Aug 2020 15:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=382916 Under Section 19 of the Sick Industrial Companies (Special Provisions) Act, 1985, income-tax concessions in a rehabilitation scheme bind the concerned authority only where consent is given. A clause directing the authority merely "to consider" income-tax relief does not create a mandate to grant waiver or related benefits, especially where the Revenue objected at the scheme-framing stage and did not agree to the concession. On that basis, the claimed income-tax relief and carry-forward benefit were not available to the petitioner, and the refusal was upheld. Case-Laws Income Tax Tue, 09 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=382916