Circulars Issued by CBDT

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Guest

Guest (Querist)

01 February 2009 Circulars or Clarifications issued by the CBDT are binding only the Income Tax Authorities? or also the Assessees?

Please give example.

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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01 February 2009 Supreme court has held that the binding CBDT/CBSE circulars need not be followed by the lower authorities and they are allowed to decide the cases before them disregarding the circulars. Citation:- CCE Vs Ratan Melting & Wire Industries (2008) 220 CTR 98(SC).

Guest

Guest (Querist)

01 February 2009 Sir,

My doubt is whether any circulars issued by the CBDT do have any binding on the Assessees?

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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02 February 2009 No.

Guest

Guest (Querist)

02 February 2009 Sir,

Thank you for your kind reply.Could you please quote any example or a case law supporting your answer regarding binding on assesses

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