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of <h1>Supreme Court of India: Board Circulars Cannot Override Judicial Decisions in Tax Exemption Cases.</h1> The Supreme Court of India clarified that circulars issued by the Board cannot override the law established by the Court. In the case involving the Commissioner of Central Excise and Ratan Melting & Wire Industries, it was emphasized that while circulars may have influenced the Department to grant certain exemptions, they do not hold authority over judicial decisions. The Court stressed that judgments, such as in the Dhiren Chemical case, are binding on all courts and tribunals, and should not be disregarded in favor of Board circulars, especially in ongoing legal disputes.
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