1986 (12) TMI 338

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....rt was delivered by A. RAGHUVIR, J.-The subject in the writ appeal relates to what in brief termed as interest-free sales tax loans (I.F.S.T.). The I.F.S.T. loans were offered by the State as incentive to new industries in the order on March 9, 1976 (which will be referred as "G.O. 224"). The offer was made to industries which commence production on or after January 1, 1976 and to other industr....

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....sified like "intensive industrial development areas" and "growth centres" for incentives. The issues in the appeal also are relevant to the order in G.O. 224 in that a committee was constituted to advise the Government from time to time in the implementation of incentives. Such a committee in December 5, 1978 advised to limit the loan to rupees ten lakhs and amend the G.O. 224. Curiously the re....

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....ned single judge in a writ petition by the company [see Sri Ambuja Petro Chemicals Ltd. v. State of Andhra Pradesh [1987] 67 STC 343 (AP) supra] directed in the order under appeal the State Government to examine the claim of the company in terms of G.O. 224 and pass orders. Aggrieved thereby, the appeal is by the State. The learned Advocate-General very fairly offered the records of the Governm....

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....nment does not intend to withdraw G.O. 224 and stressed that the company is discriminated from the perspective of promissory estoppel. The company in law is entitled to I.F.S.T. loan as claimed by them. In view of the representation by the learned Advocate-General, we consider the State Government may be enabled in eight weeks from today either to pass an executive order or issue an Ordinance. ....