In case any of the ICDS provisions is contrary to a circular or press release issued by the CBDT, which would prevail over the other.

Manual - Introduction - Income computation and disclosure standards (ICDS)

Circular No. 10/2017 - Dated: 23-3-2017 - Clarifications on Income Computation and Disclosure Standards (ICDS) notified under section 145(2) of the Income-tax Act, 1961

A circular or a press release merely clarifies the CBDT’s view relating to a particular provision of law. Such a circular therefore, merely interprets the law as it is viewed by the CBDT. CBDT circulars are binding only on tax officers, and not on assessees. Circular issued prior to the ICDS coming into force may no longer apply if the ICDS contain a contrary provision, as the subsequent ICDS would render the circular invalid for the period after the ICDS come into force. Similarly, in case of press releases issued prior to subsequent ICDS provisions, where the ICDS  provisions provide for a contrary treatment, the subsequent ICDS provisions would prevail.

Dated: 7-9-2017