Circular 14/2014

Clarification regarding allowability of deduction under section 10A/10AA on transfer of Technical Man-power in the case of software industry

What this is

Circular 14/2014 was issued by the Central Board of Direct Taxes on 8 October 2014. Its subject is Clarification regarding allowability of deduction under section 10A/10AA on transfer of Technical Man-power in the case of software industry.

This is a clarification. The Board is stating how it reads a provision. That reading binds the department; it does not bind a court, and where the section says otherwise the section wins.

The instrument itself

The department publishes this one as a scanned document rather than as text, so there is nothing here for us to reproduce. The signed document is on the department’s own site — this file.

← Circular 15/2014 · F.No.153/53/2014-TPL (Pt.I) →

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.