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Mistake in circular about pension Scheme need immediate rectification to avoid confusions and litigation.
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....istake in circular about pension Scheme need immediate rectification to avoid confusions and litigation.<br>By: - DEVKUMAR KOTHARI<br>Income Tax<br>Dated:- 5-7-2012<br><br>Circular of CBDT: Circulars....
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.... of CBDT are binding on Income-tax authorities. Circular should be in accordance with the provision of the Act. A circular which is contrary to the provisions of the act is not valid to the extent it ....
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....is not in accordance with the provisions. Circular on Section 80CCD vide file no. F.No. 275/192/2009-IT(B) Dated the 9th February, 2010. In this circular the Board has issued clarifications about d....
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....eduction u/s 80CCD read with other provisions. It seems that there is some inconsistencies in circular itself and the paragraph 4 of the circular contains a mistake which is contrary to paragraph 2 of....
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.... circular and sub-section (2) of section 80CCD. Mistake can cause litigation and hardship on assessee: The mistake is in fact in nature of typographical mistake or inadvertent mistake. However, word....
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....ings used are such that the revenue authorities are bound by the same. Therefore, it appears that unless the Circular is rectified, the mistake may cause un-necessary disallowances and assessee to pre....
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....fer appeals and to indulge in litigation. The circular is reproduced below with highlights of relevant portions:<br> Scholarly articles for knowledge sharing by authors, experts, professionals ....