https://www.taxtmi.com/caselaws?id=17576 The court dismissed the petitions, emphasizing that circulars cannot override legislative provisions and are meant for proper administration of the Act. It clarified that circulars issued by the Central Board of Direct Taxes must align with the legislative framework and cannot create rights or obligations contrary to the statute. The judgment highlighted that conflicting decisions are resolved by considering the binding nature of later Supreme Court decisions. The court concluded that the authorities have the right to rectify errors in circulars, and the liability to pay tax arises from the statute, leading to the dismissal of the petitions without a substantial question of law for Supreme Court intervention. en-us Thu, 13 Feb 1997 00:00:00 +0530 Wed, 23 Sep 2009 14:46:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=17576 The court dismissed the petitions, emphasizing that circulars cannot override legislative provisions and are meant for proper administration of the Act. It clarified that circulars issued by the Central Board of Direct Taxes must align with the legislative framework and cannot create rights or obligations contrary to the statute. The judgment highlighted that conflicting decisions are resolved by considering the binding nature of later Supreme Court decisions. The court concluded that the authorities have the right to rectify errors in circulars, and the liability to pay tax arises from the statute, leading to the dismissal of the petitions without a substantial question of law for Supreme Court intervention. Case-Laws Income Tax Thu, 13 Feb 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=17576