CBDT's Authority Limited: Court Rules Against Detrimental Circulars Under Direct Tax Vivaad se Vishwas Act.

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....Direct Tax Vivaad se Vishwas Act, 2020 - Though Section 10 of the VSV Act gives power to the CBDT to issue directions, yet this Court is of the view that the said Section is similar to Section 119 of the Act, 1961. Consequently, the CBDT under Section 10 of VSV Act cannot issue circulars adverse to the assessee. - HC....