https://www.taxtmi.com/caselaws?id=61385 The Tribunal held that the circular issued by CBDT was beneficial and administrative in nature, applicable to pending proceedings before the assessing or appellate authority. The Tribunal concluded that it had jurisdiction to consider the circular in appeals and vacated the Competent Authority's order, dropping the acquisition proceedings against the transferee. As a result, the appeal was allowed in favor of the transferee, emphasizing the importance of the CBDT circular in influencing the outcome of the acquisition proceedings. en-us Wed, 29 Oct 1986 00:00:00 +0530 Wed, 12 Jan 2011 14:32:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=61385 The Tribunal held that the circular issued by CBDT was beneficial and administrative in nature, applicable to pending proceedings before the assessing or appellate authority. The Tribunal concluded that it had jurisdiction to consider the circular in appeals and vacated the Competent Authority's order, dropping the acquisition proceedings against the transferee. As a result, the appeal was allowed in favor of the transferee, emphasizing the importance of the CBDT circular in influencing the outcome of the acquisition proceedings. Case-Laws Income Tax Wed, 29 Oct 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=61385