https://www.taxtmi.com/caselaws?id=441730 Writ jurisdiction under Articles 226 and 227 remained available despite repeal of the sick industrial companies regime and the absence of a statutory appeal, because the attempted NCLAT route had been held ultra vires and the repeal did not extinguish existing rights or remedies. A sanctioned rehabilitation scheme was confined to its approved time and framework and did not operate as an indefinite arrangement. Any extension or material modification, especially involving tax concessions, required lawful authority and the concerned department's consent. The modified order only required consideration of further reliefs and did not create a mandatory obligation to grant them. The Income Tax Department was therefore not bound to allow additional concessions beyond the statute. en-us Wed, 09 Aug 2023 00:00:00 +0530 Wed, 16 Aug 2023 16:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=441730 Writ jurisdiction under Articles 226 and 227 remained available despite repeal of the sick industrial companies regime and the absence of a statutory appeal, because the attempted NCLAT route had been held ultra vires and the repeal did not extinguish existing rights or remedies. A sanctioned rehabilitation scheme was confined to its approved time and framework and did not operate as an indefinite arrangement. Any extension or material modification, especially involving tax concessions, required lawful authority and the concerned department's consent. The modified order only required consideration of further reliefs and did not create a mandatory obligation to grant them. The Income Tax Department was therefore not bound to allow additional concessions beyond the statute. Case-Laws Insolvency and Bankruptcy Wed, 09 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=441730