Circular No. 56

Taxation Laws (Amendment) Act, 1970 - Circular No. 56, Dated 19-3-1971

What this is

Circular No. 56 was issued by the Central Board of Direct Taxes on 19 March 1971. Its subject is Taxation Laws (Amendment) Act, 1970 - Circular No. 56, Dated 19-3-1971.

The instrument, as the Board published it

The words below are the department’s own, reproduced from its published text. Where the department’s copy carried a publisher’s notes after the instrument, those are not reproduced.

TAXATION LAWS (AMENDMENT) ACT, 1970 - CIRCULAR NO. 56, DATED 19-3-1971

Amendments at a glance

Amendments to Income-tax Act

Amendments to Wealth-tax Act

Amendments to Gift-tax Act

Amendments to Companies (Profits) Surtax Act

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A circular binds the department, not you and not a court. The Board issues a circular to its own officers. An assessee may hold the department to a circular that helps him; the department cannot hold an assessee to one that hurts him, and the Tribunal and the courts decide the law for themselves.

Source: the Income Tax Department’s own published text — its page for this instrument.