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taxliability

News, views and stories on taxliability.

circulars not binding upon courts  asserts hc
Haryana

Circulars not binding upon courts, asserts HC

The Punjab and Haryana High Court ruled that setting aside an initial tax demand erases the liability until a higher appeal is allowed. The court favored the Karnal Cooperative Sugar Mills, ordering a refund of interest. The court rejected the Income Tax Department's reliance on a CBDT circular, emphasizing statutory interpretation.

By Ramkrishan Upadhyay 08 Nov 2025
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