https://www.taxtmi.com/caselaws?id=272772 For rehabilitation schemes seeking tax concessions under SICA, deemed consent under section 19(2) depends on valid service of the Draft Rehabilitation Scheme on the authority designated by the applicable CBDT circular to represent the Central Government. Service only on an Assessing Officer, without proof that the designated nodal authority received the scheme or was duly authorised to act, is insufficient for deemed consent. The text also notes that the separate issue concerning section 115JB of the Income-tax Act was not finally determined and required reconsideration by the BIFR. The practical effect is that compliance with the prescribed service route is essential before a sanctioned scheme can bind the Income Tax Department. en-us Fri, 23 Sep 2011 00:00:00 +0530 Thu, 17 May 2018 11:58:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=272772 For rehabilitation schemes seeking tax concessions under SICA, deemed consent under section 19(2) depends on valid service of the Draft Rehabilitation Scheme on the authority designated by the applicable CBDT circular to represent the Central Government. Service only on an Assessing Officer, without proof that the designated nodal authority received the scheme or was duly authorised to act, is insufficient for deemed consent. The text also notes that the separate issue concerning section 115JB of the Income-tax Act was not finally determined and required reconsideration by the BIFR. The practical effect is that compliance with the prescribed service route is essential before a sanctioned scheme can bind the Income Tax Department. Case-Laws Companies Law Fri, 23 Sep 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=272772