Case law › Circulars › 1974 › Circular No. 138

CBDT circular 17 June 1974

Circular No. 138

Finance Act, 1974 - Circular No. 138, Dated 17-6-1974

What this is

Circular No. 138 was issued by the Central Board of Direct Taxes on 17 June 1974. Its subject is Finance Act, 1974 - Circular No. 138, Dated 17-6-1974.

The instrument itself

The text, as the department published it

Read from the department’s own PDF, linked below, and reproduced without editing. Line breaks and spacing are ours; the words are not. For anything you rely on, read the file itself.

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Circular No.

138

Circular Date

17/06/1974

Upload Date

17/06/1974

Circular No. 138, dated 17-06-1974

FINANCE ACT, 1974 - CIRCULAR NO. 138, DATED 17-6-1974

Amendments at a glance

Rate structure

Amendments to Income-tax Act

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← Circular No. 139 · Circular No. 137 →

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.