2008 (2) TMI 289 - SUPREME COURT

Binding nature of Circular – Department of Sales Tax, Kerela issued a circular regarding taxability and classification of latex – Assessee was filing returns and assessment was made according to the circular earlier – later department denied the contents of circular in view of decision of Kerela High Court – Apex court held that department is bound to follow the circular and not allowed to open the completed assessment on the ground that the circular was erroneous