Withdrawal of Circulars Nos. 523 and 576--New procedure for representation before Board for Industrial and Financial Reconstruction and the Appellate Authority for Industrial and Financial Reconstruction

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....pellate Authority for Industrial and Financial Reconstruction Circular No. 683 Dated 8/6/1994 The Board had issued two circulars, Circular No. 523, dated October 5, 1988 (See [1988] 174 ITR (St.) 1), and Circular No. 576, dated August 31, 1990 (See [1990] 185 ITR (St.) 48), in connection with the procedure to be followed in respect of grant of "consent" by the Central Government in cases involv....

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....on 19(2) of the SICA, 1985, and consent or denial of consent will be conveyed to BIFR by the Central Government. The nodal agency for co-ordination between the Board for Industrial and Financial Reconstruction (BIFR) and the Central Board of Direct Taxes and Appellate Authority for Industrial and Financial Reconstruction (AAIFR) and the Central Board of Direct Taxes will be the Director-General of....