CBDT Instructions
Last updated: 07 September 2007
Court :
Tribunal
Brief :
Held by ho"ble court that assessing officer is bound to follow benevolent instructions of CBDT. Hence, assessment made in violation of CBDT instructions is liable to be quashed.
Citation :
Agarwal Farm Equipments Vs. I.T.O.
CBDT Instructions
Agarwal Farm Equipments Vs. I.T.O. 8/26/2004
IT Appeal No. 70 to 75 (Jab.) of 2002
Case Fact: Whether any assessment made by the AO against CBDT instructions is liable to be quashed.
Decision: Held by ho"ble court that assessing officer is bound to follow benevolent instructions of CBDT. Hence, assessment made in violation of CBDT instructions is liable to be quashed.
CA.Saibaburao Nanduri
Published in Income Tax
Views : 63
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