CBDT circulars/ instructions are binding on revenue

Telangana Working Journalists Welfare Fund Vs ITO (Exemptions) (ITAT Hyderabad) ITAT Hyderabad held that CIT(A)/ NFAC failed to consider circular no. F.173/193/2019-ITA-1 dated 23.04.2019 and subsequent circular No.2/2020 vide F.No.197/55/2018-ITA-I dated 03.01.2020 which are issued by CBDT and the same is binding on the revenue authorities. Accordingly, matter restored. Facts- The assessee is a society registered under the Telangana Societies Registration Act, 2001. It is granted registration u/s. 12AA of the I.T.Act, 1961. It filed its return of income on 31.03.2021 belatedly but within the ...