2002 (9) TMI 820 - HC - VAT and Sales Tax

Summary

The High Court of Punjab and Haryana issued a judgment in a case involving a limited company under the Companies Act, 1956. The company, a registered dealer under the Haryana General Sales Tax Act, sought relief from tax recovery due to being a sick industrial unit pending before the Board for Industrial and Financial Reconstruction (BIFR). The court directed the respondents not to recover the tax amount without BIFR's permission until the inquiry is resolved or any scheme is implemented. The writ petition was disposed of with no costs.