https://www.taxtmi.com/circulars?id=4993 A BIFR sanctioned rehabilitation scheme that prescribes carry forward and set off of losses will have overriding effect over conflicting provisions of the Income tax Act where the loss return was filed late; the Assessing Officer must implement the scheme's tax treatment. BIFR cannot itself authorize late filing but may direct an operating agency to prepare a scheme which, once sanctioned, allows carry forward despite delayed filing. en-us Fri, 31 Aug 1990 00:00:00 +0530 Fri, 08 Aug 2008 14:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=4993 A BIFR sanctioned rehabilitation scheme that prescribes carry forward and set off of losses will have overriding effect over conflicting provisions of the Income tax Act where the loss return was filed late; the Assessing Officer must implement the scheme's tax treatment. BIFR cannot itself authorize late filing but may direct an operating agency to prepare a scheme which, once sanctioned, allows carry forward despite delayed filing. Circulars Income Tax Fri, 31 Aug 1990 00:00:00 +0530 https://www.taxtmi.com/circulars?id=4993