The assessee company was declared as a sick company under the provisions of the  Sick Industrial Companies (Special Provisions, Act, 1985   (SICA)   and rehabilitation scheme was sanctioned by BIFR on 21 st September 2010 with directions for implementation for revival of the assessee. The scheme gave certain  tax exemption to the assessee.  BIFR has discharged the company from the purview of SICA vide order dt. 16 th August  2011. The Assessing Officer held that since the net worth turned positive by implementation of revival scheme the assessee is precluded from relief under section 115JB in view of Expln. 1 (vii) to section 115JB(2) of the Act.  On appeal the Tribunal held that though the rehabilitation scheme sanctioned by BIFR for granting relief for a period of 8 years  the assessee is precluded from claiming further relief after its net worth turned positive during the said scheme period.    (AY. 2013-14, 2014-15)