Case law › Circulars › 1990 › Circular No. 550

CBDT circular 1 January 1990

Circular No. 550

Finance Act, 1989 - Circular No. 550, Dated 1-1-1990

What this is

Circular No. 550 was issued by the Central Board of Direct Taxes on 1 January 1990. Its subject is Finance Act, 1989 - Circular No. 550, Dated 1-1-1990.

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.

550

Circular Date

01/01/1990

Upload Date

01/01/1990

Circular No. 550, dated 01-01-1990

FINANCE ACT, 1989 - CIRCULAR NO. 550, DATED 1-1-1990

Amendments at a glance

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Amendments to Income-tax Act

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← Circular No. 551 · Circular No. 549 →

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.