https://www.taxtmi.com/caselaws?id=184295 The court held that the interpretation of law is not within the jurisdiction of the Board, and their circulars are not binding on assessing authorities or courts. Circular No. 681 was considered advisory, and assessing authorities were directed to independently decide on the deductibility of payments to contractors without being bound by the circular. The petitions challenging the validity of Circular No. 681 were disposed of with no costs imposed. en-us Thu, 14 Jul 1994 00:00:00 +0530 Tue, 05 Jul 2016 10:36:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=184295 The court held that the interpretation of law is not within the jurisdiction of the Board, and their circulars are not binding on assessing authorities or courts. Circular No. 681 was considered advisory, and assessing authorities were directed to independently decide on the deductibility of payments to contractors without being bound by the circular. The petitions challenging the validity of Circular No. 681 were disposed of with no costs imposed. Case-Laws Income Tax Thu, 14 Jul 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=184295