Section 206: Circulars

206. Circulars. —(1) To achieve consistency in the administration of this Ordinance and to provide guidance to taxpayers and officers of the 6[Board], the 7[Board] may issue Circulars setting out the Board’s interpretation of this Ordinance. 8[(2) A circular issued by the 9[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 10[be] binding on a taxpayer. 1 30th New sub-section (7) added through Finance Act, 2020 dated June, 2020.

Effective date: 2001-09-13

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