Whether benefit u/s. 72A could be granting by BIFR while granting scheme of amalgamation

HIGH COURT OF DELHI Government of India (Deptt. of Revenue), Director General of Income-tax versus Orient Vegetax Pro Ltd. W.P. (C) No. 4163 OF 2012 CM NO. 8647 OF 2012 JULY 13, 2012 ORDER Sanjay Kishan Kaul, J.  The respondent no.1 company went into financial difficulties and thus approached the BIFR under the Sick Industrial Companies (Special Provisions) Act, 1985 (hereinafter referred to as ‘the said Act’). In the proceedings before the BIFR, a draft rehabilitation scheme was formulated and duly circulated. Undisputedly, the petitioner/income tax department di...