have just referred are legally binding on the
Revenue and this binding character attaches to
the two circulars even if they be found ... ground which is contrary to the
circular.
6. Circulars and instructions issued by the
Board are no doubt binding in law on the
authorities under
viii) of the Act without giving reasons for
not considering the binding Circular NO. 72 dated 06.01.1972
issued by CBDT, binding on the Revenue which ... Section
36(l)(viii) of the Act without giving considering the binding Circular
No.72 dated 6.1.1972 CBDT, binding on the Revenue which clarifies
that
deviation from the statutory provisions of the Act, the circulars have been held to be binding on the subordinate officers under the CBDT. He contended ... purpose in issuing the circular. He, therefore, contended that the circular of the CBDT was binding on the first respondent at least till the same
accordance
with the SEBI Circular;
c. The SEBI Circular has the force of law;
d. Under the SEBI Circular, voting is required to be conducted ... relied upon by the appellants:
a. Circulars issued by SEBI constitute special law and are binding, with
the force of law;
b. Where SEBI prescribes
Debtor Creditor Agreement
(DCA), the provisions made in the said circular are not binding upon
the petitioner. He submits that the respondent is not declared ... respondent. He submits that the said circular does
not provide that the said circular would be binding on the petitioner
and the right
deviation from statutory provisions of the Act, the circulars have been held to be binding on the subordinate officers under CBDT. He contended that ... there was no purpose in issuing the Circular. He, therefore, contended that the Circular of CBDT was binding on the first Respondent at least till
Debtor Creditor Agreement
(DCA), the provisions made in the said circular are not binding upon
the petitioner. He submits that the respondent is not declared ... respondent. He submits that the said circular does
not provide that the said circular would be binding on the petitioner
and the right
Debtor Creditor Agreement
(DCA), the provisions made in the said circular are not binding upon
the petitioner. He submits that the respondent is not declared ... respondent. He submits that the said circular does
not provide that the said circular would be binding on the petitioner
and the right
circular on the following
broad grounds:
(A) Prima facie, by reason of the impugned circular no direction
has been issued. The circular does not show ... power under section 119 are
legally binding on the revenue and that this binding character
attaches to the circulars "even if they be found
CBDT. Proceeding further, it was held by him that though the circulars are binding on the Assessing officer yet they are not binding ... case Bengal Iron Corporation v. CTO 90 STC 47. The circulars would be binding if they are beneficial to the assessee but the same
