Claim of reliefs envisaged by BIFR in Sanctioned Rehabilitation Schemes by sick Companies in their ITRs

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....(R)/BIFR/2016-17/1643 Dated 07/02/2017 To All Pr. Chief Commissioner of Income Tax (Cadre Controlling Authorities) Madam /Sir Sub : Claim of reliefs envisaged by BIFR in Sanctioned Rehabilitation Schemes by sick Companies in their ITRs - reg. The BIFR Unit of Directorate of Income-tax (Recovery) looks after the work relating to sick companies who had have filed references unde....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....st of the cases, these reliefs envisaged by BIFR from the Department are for consideration and approval of the competent authority i.e. CBDT. The reliefs/concessions envisaged by BIFR in such cases are therefore, not automatic and can be claimed and allowed only after approval and issue of appropriate orders by CBDT. As the reliefs are yet to be processed by the Department in several cases, the ap....