9911796707
TMI Blog1986 (12) TMI 338X X X X Extracts X X X X X X X X Extracts X X X X ..... rest-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 industries who effect "substantial expansion" and increase production. The incentive particulars include exemption o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 recommendation was accepted, but the amendment was not effected. That inaction brought about numerous problems i ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 Government Orders for scrutiny including the file in which the decision was taken on March 10, 1979 to accept the recommenda ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ssory 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. If none of the courses is adopted in the period prescribed, the company to submit claims indicating the amount of I.F.S. ..... X X X X Extracts X X X X X X X X Extracts X X X X
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