Introducing the “In Favour Of” filter in Case Laws.
- ⚖️ Instantly identify judgments decided in favour of the Assessee, Revenue, or Appellant
- 🔍 Narrow down results with higher precision
Try it now in Case Laws →
TaxTMI Login
🚀 New Feature Launched ✕
Just a moment...
Introducing the “In Favour Of” filter in Case Laws.
Try it now in Case Laws →
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Circulars
of of All Circulars
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>CBDT Clarifies No Advance Rulings in Individual Cases per Section 119(1) of Income Tax Act 1961.</h1> Instruction No. 799 issued by the Central Board of Direct Taxes (CBDT) on November 23, 1974, addresses the issue of advance rulings under the Income Tax Act, 1961. It clarifies that, contrary to previous instructions, the CBDT cannot provide advance rulings in individual cases due to legal prohibitions outlined in section 119(1) of the Act. This decision modifies earlier instructions from 1969, which suggested that the CBDT could informally provide such rulings. The instruction mandates that all officers be informed of this change, emphasizing the Board's limited authority in directing specific assessments.
TaxTMI 
TaxTMI 
