https://www.taxtmi.com/caselaws?id=33705 CBDT circulars under section 119 bind departmental authorities, and a beneficial circular granting relief cannot be withdrawn so as to prejudice assessments already pending or concluded. The later circular in question only prescribed a revised procedure requiring consent under section 19(2) of the Sick Industrial Companies (Special Provisions) Act, 1985, which was procedural in nature and therefore prospective. The court held that Circular No. 683 dated 8 June 1994 could not operate retrospectively to deny the assessee the benefit available under the earlier circular. The answer was against the Revenue and in favour of the assessee. en-us Thu, 09 Aug 2007 00:00:00 +0530 Fri, 05 Jun 2009 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=33705 CBDT circulars under section 119 bind departmental authorities, and a beneficial circular granting relief cannot be withdrawn so as to prejudice assessments already pending or concluded. The later circular in question only prescribed a revised procedure requiring consent under section 19(2) of the Sick Industrial Companies (Special Provisions) Act, 1985, which was procedural in nature and therefore prospective. The court held that Circular No. 683 dated 8 June 1994 could not operate retrospectively to deny the assessee the benefit available under the earlier circular. The answer was against the Revenue and in favour of the assessee. Case-Laws Income Tax Thu, 09 Aug 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=33705