Power to issue Instruction or Directions (Section 168)

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....e Act shall observe and follow such orders, instructions or directions. Binding Effect on officers The binding nature of such orders, instructions and directions has been a matter of debate and scrutiny. The general understanding that prevails now is that a circular is binding on the officers, but not on the assessee. However, in case such circular states something contrary to the law, the la....

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.... position to keep and maintain accounts in accordance with the general provisions Section 37(1) Details of outward supplies (extension of time limit) Section 39(6) Return (extension of time limit) Section 44 Annual Return ( exemption as to annual return) Section 52(4) & 52(5) Collection of tax at source ( extention of time limit as to filing of annual statement ) Section 143(1) ....