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CBDT Circular 28/2016 belated but beneficial for senior citizens- a pointer on attitude of un-necessary litigation by tax department on petty concessions also

Income Tax - Direct Tax Code - DTC - By: - CA DEV KUMAR KOTHARI - Dated:- 2-8-2016 - CBDT vide Circular 28/2016 dated the 27th of July, 2016 Prabhu Dayal Sesma vs. State of Rajasthan & another [1986 (8) TMI 443 - SUPREME COURT] Recent Circular: The CBDT vide Circular 28/2016 dated the 27th of July, 2016 have clarified that if a person is born on 1st April of a previous year, then he can be considered to have attained particular age on 31st March itself and not 1st April of the next colander .....

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ril 2016 and we say he / she has started second year of his life. At older age we also say, on date of birth one more year of life has lapsed and remaining years of life has reduced by one year. Wishing happy birth day at midnight of the birth date gone by is also common and in fashion amongst young people. All these clearly shows that the most common understanding is that on birth day one start a new year of his life journey and he has completed previous year on the midnight of a day preceding .....

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