Income Tax - Binding nature of the Circular which is contrary to the statutory provisions of the Act - the circular has a binding force upon the revenue and they cannot contend to the contrary - The decision of the Apex Court in the matter of Ratan Melting Wire Industries (2008 (10) TMI 5 - SUPREME COURT OF INDIA) distinguished - HC

Income Tax - Binding nature of the Circular which is contrary to the statutory provisions of the Act - the circular has a binding force upon the revenue and they cannot contend to the contrary - The decision of the Apex Court in the matter of Ratan Melting Wire Industries (2008 (10) TMI 5 - SUPREME COURT OF INDIA) distinguished - HC....................