https://www.taxtmi.com/circulars?id=4929 A sanctioned rehabilitation scheme by the Board under the Sick Industrial Companies Act has an overriding effect on inconsistent Income tax provisions; where the scheme excludes or limits application of income tax provisions for specified assessment years, Assessing Officers must implement that exclusion and not tax remissions of liabilities. Non scheme orders of the Board do not have this overriding effect. en-us Wed, 05 Oct 1988 00:00:00 +0530 Mon, 04 Aug 2008 18:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=4929 A sanctioned rehabilitation scheme by the Board under the Sick Industrial Companies Act has an overriding effect on inconsistent Income tax provisions; where the scheme excludes or limits application of income tax provisions for specified assessment years, Assessing Officers must implement that exclusion and not tax remissions of liabilities. Non scheme orders of the Board do not have this overriding effect. Circulars Income Tax Wed, 05 Oct 1988 00:00:00 +0530 https://www.taxtmi.com/circulars?id=4929