https://www.taxtmi.com/circulars?id=5099 Circulars Nos. 523 and 576 are withdrawn because they did not address the statutory consent requirement under the Sick Industrial Companies Act; fiscal concessions or financial assistance for rehabilitation must now be considered on individual merits and consent or denial will be conveyed by the Central Government. Prior cases decided under the withdrawn circulars need not be reopened. The Director-General of Income-tax (Admn.) is designated as the nodal coordinating office for communication between the tax administration and industrial reconstruction authorities. en-us Wed, 08 Jun 1994 00:00:00 +0530 Sat, 09 Aug 2008 13:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=5099 Circulars Nos. 523 and 576 are withdrawn because they did not address the statutory consent requirement under the Sick Industrial Companies Act; fiscal concessions or financial assistance for rehabilitation must now be considered on individual merits and consent or denial will be conveyed by the Central Government. Prior cases decided under the withdrawn circulars need not be reopened. The Director-General of Income-tax (Admn.) is designated as the nodal coordinating office for communication between the tax administration and industrial reconstruction authorities. Circulars Income Tax Wed, 08 Jun 1994 00:00:00 +0530 https://www.taxtmi.com/circulars?id=5099