Income Tax Ordinance, 2001

CHAPTER-X

PROCEDURE PART XIII CIRCULARS

From: 2007-07-01 - To: 2023-06-30 206. Circulars.- (1) To achieve consistency in the administration of this Ordinance and to provide guidance to taxpayers and officers of the 1[Board], the 1[Board] may issue Circulars setting out the Board’s interpretation of this Ordinance. 2[(2) A circular issued by the 1[Board] shall be binding on all Income Tax Authorities and other persons employed in the execution of the Ordinance, under the control of the said Board other than Commissioners of Income Tax (Appeals).] (3) A Circular shall not 3[be] binding on a taxpayer. ______________________________________________________________________ 1-Substituted for the words “Central Board of Revenue” vide the Finance Act, 2007 (IV of 2007 assented on 30th June. 2007) 2-Sub-section (2) substituted vide the Finance Act, 2006 (III of 2006 assented on 30th June, 2006). At the time of substitution sub-section (2) was as under:- “(2) A Circular shall be binding on the Central Board of Revenue, other than the Commissioner (Appeals).” 3-The word inserted by the Finance Ordinance. 2002 (XXVII of 2002 promulgated on 15th June, 2002) From: 2006-07-01 - To: 2007-06-30 206. Circulars.- (1) To achieve consistency in the administration of this Ordinance and to provide guidance to taxpayers and officers of the Central Board of Revenue, the Central Board of Revenue may issue Circulars setting out the Boards interpretation of this Ordinance. (2) A circular issued by the Central Board of Revenue shall be binding on all Income Tax Authorities and other persons employed in the execution of the Ordinance, under the control of the said Board other than Commissioners of Income Tax (Appeals). (3) A Circular shall not be binding on a taxpayer. ____________________________________________ Sub-section (2) was substituted vide Finance Act, 2006 From: 2003-07-01 - To: 0000-00-00 206. Circulars.- (1) To achieve consistency in the administration of this Ordinance and to provide guidance to taxpayers and officers of the 1[Board], the 1[Board] may issue Circulars setting out the Board’s interpretation of this Ordinance. 2[(2) A circular issued by the 1[Board] shall be binding on all Income Tax Authorities and…