Harmonious working of rule 19A of 1962. - Income Tax - 941/CBDT

INSTRUCTION NO. 941/CBDT Dated : March 25, 1976 Section(s) Referred: Rule 197 Statute: Income - Tax Act, 1961 Attention is invited to the decision of the Bombay High Court in the case of Indian Oil Corporation Ltd., Vs. Raj Gopalan, I.T.O., Company Circle II(1) Bombay and Others (92 ITR 241). The Board has considered the implication of the Judgment and it has been decided to accept the interpretation given by the Bombay High Court for a harmonious working of rule 19A of 1962. This may please be brought to the notice of all officers under your charge.