NFAC bound to Follow CBDT Circular: ITAT [Read Order]

NFAC bound - NFAC - CBDT - CBDT Circular - ITAT - TaxscanNFAC bound - NFAC - CBDT - CBDT Circular - ITAT - Taxscan

The Income Tax Appellate Tribunal ( ITAT ), Hyderabad bench has held that the National faceless Appeal Centre (NFAC) is bound to follow the circulars of the Central Board of Direct Taxes (CBDT). The assessee, Telangana Working Journalists Welfare Fund a society registered under the Telangana Societies Registration Act, 2001, is formed for the purposes…

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