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 CBDT Circulars Cannot Override Income Tax Act, Not Binding on Courts: Supreme Court

J.N. NIGAM Vs. CITIBANK N.A.
September, 10th 2013

The appeal impugns the judgment and decree dated 29.04.2005 of the Court of Additional District Judge, Delhi of dismissal of suit No.21/2005/1995 filed by the appellant against the respondent. I may notice that vide the same judgment and decree, the counter claim filed by the respondent / defendant against the appellant / plaintiff for recovery of monies was also dismissed but the senior counsel for the respondent / defendant states that the respondent / defendant has not challenged the dismissal of its counter claim.

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