What does it mean by the statement that it circulars are not binding on the appellate authorities, tribunals or assessees... Is it only a guidance for it department alone... Kindly elaborate?
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Circulars of IT not binding on Appellate Authorities, Tribunal or taxpayers
Replies (2)
Quick Summary
You can say, It's Guidance for use (i.e taxpayers) and binding on department.
Means Tax payers can challenge the circular in a court of law...
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