Claim of reliefs envisaged by BIFR in Sanctioned Rehabilitation Schemes by sick Companies in their ITRs

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..... 1643 Dated 07/02/2017 To All Pr. Chief Commissioner of Income Tax (Cadre Controlling Authorities) Madam /Sir Sub : Claim of reliefs envisaged by BIFR in Sanctioned Rehabilitation Schemes by sick Companies in their ITRs reg. The BIFR Unit of Directorate of Income-tax (Recovery) looks after the work relating to sick companies who had have filed references under the erstw .....

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..... cases, these reliefs envisaged by BIFR from the Department are for consideration and approval of the competent authority i.e. CBDT. The reliefs/concessions envisaged by BIFR in such cases are therefore, not automatic and can be claimed and allowed only after approval and issue of appropriate orders by CBDT. As the reliefs are yet to be processed by the Department in several cases, the apprehensio .....

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..... s has been under taken separately and a specific communication in the matter to the jurisdictional Pr.Chief Commissioner of Income-tax is also being sent shortly. Yours faithfully Sd/- (Kavita Bhatnagar) Addl. Director General (Recovery) New Delhi - Circular - Trade Notice - Public Notice - Instructions - Office orders Tax Management India - taxmanagementindia - taxman .....

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