https://www.taxtmi.com/caselaws?id=18098 The Supreme Court held that Circular No. 681 issued by the CBDT misinterpreted the Income-tax Act, particularly section 194C, regarding the deduction of income tax from payments to professionals. The Court found the circular to be invalid, exceeding the CBDT's authority under section 119 and misapplying section 194C. Consequently, the Court allowed the writ petitions, declaring Circular No. 681 invalid without awarding costs. en-us Mon, 23 Sep 1996 00:00:00 +0530 Sat, 26 Sep 2009 17:00:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=18098 The Supreme Court held that Circular No. 681 issued by the CBDT misinterpreted the Income-tax Act, particularly section 194C, regarding the deduction of income tax from payments to professionals. The Court found the circular to be invalid, exceeding the CBDT's authority under section 119 and misapplying section 194C. Consequently, the Court allowed the writ petitions, declaring Circular No. 681 invalid without awarding costs. Case-Laws Income Tax Mon, 23 Sep 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=18098