TMI Blog2006 (4) TMI 53X X X X Extracts X X X X X X X X Extracts X X X X ..... - Dated:- 5-4-2006 - JUDGMENT The Commissioner of Income-tax and the Income-tax Appellate Tribunal have both relied upon a decision of the Supreme Court in Commissioner of Customs v. Indian Oil Corporation Ltd. [2004] 267 ITR 272 to have that the circulars issued by the Central Board of Direct Taxes (CBDT) binding On the officers of the Income-tax Department. To the same effect is the dec ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ncome for the assessment year 1994-95 that was more by 30 per cent. of the total income returned for the assessment year 1993-94 subject to the conditions that (a) the income for both the assessment years exceeded the basic exemption limit; (b) the total income for the assessment year 1993-94 was Rs. 5 lakhs or less ; and (c) the tax was fully paid for the assessment year 1994-95 before the ..... X X X X Extracts X X X X X X X X Extracts X X X X
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