https://www.taxtmi.com/circulars?id=9950 Conflicting High Court rulings on the scope and validity of section 44AC require assessors to follow the law of the jurisdictional High Court pending the Supreme Court appeal; where no such decision exists, assessors may apply section 44AC and refer to supportive precedents; stays on operation of the provision must be observed and timing extensions apply selectively; a register of cases affected by High Court decisions must be maintained for subsequent rectification. en-us Sat, 21 Mar 1992 00:00:00 +0530 Thu, 09 Jun 2011 18:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=9950 Conflicting High Court rulings on the scope and validity of section 44AC require assessors to follow the law of the jurisdictional High Court pending the Supreme Court appeal; where no such decision exists, assessors may apply section 44AC and refer to supportive precedents; stays on operation of the provision must be observed and timing extensions apply selectively; a register of cases affected by High Court decisions must be maintained for subsequent rectification. Circulars Income Tax Sat, 21 Mar 1992 00:00:00 +0530 https://www.taxtmi.com/circulars?id=9950