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Case lawCirculars1986 › Circular No. 464
CBDT circular 18 July 1986

Circular No. 464

Income-tax (Amendment) Act, 1986 - Circular No. 464, Dated 18-7-1986

What this is

Circular No. 464 was issued by the Central Board of Direct Taxes on 18 July 1986. Its subject is Income-tax (Amendment) Act, 1986 - Circular No. 464, Dated 18-7-1986.

This amends the Income-tax Rules. What it changes is the Rules, not the Act — and a rule can never take away what the section gives.

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.

464

Circular Date

18/07/1986

Upload Date

18/07/1986

Circular No. 464, dated 18-07-1986

INCOME-TAX (AMENDMENT) ACT, 1986 - CIRCULAR NO. 464, DATED 18-7-1986

Amendments at a glance

Provisions explained

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← Circular No. 465  ·  Circular No. 463 →

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.