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Inland Revenue Appellate Tribunal 2014 Income Tax Ordinance (XLIX of 2001)---

2014 PTD 1187

FBR Circulars binding on FBR functionaries but not on a taxpayer
Messrs SARWAR & CO. (PVT.) LTD., LAHORE
Appellant
VS
COMMISSIONER INLAND REVENUE, R.T.O, ZONE-I, LAHORE
Respondent

Case Laws / Head Notes / Paras

---Federal Board of Revenue---Issuance of circulars and interpretation of fiscal statute---Scope---Federal Board of Revenue may issue circulars of provide guidance to the taxpayers and its functionaries---Circulars shall be binding on Federal Board of Revenue functionaries but not be binding on a taxpayer---Similarly any circular/clarification issued by the Federal Board of Revenue was not binding on the Appellate Tribunal being a judicial authority---Federal Board of Revenue was not empowered by the statute to clarify, interpret and explain the legal provisions of the Income Tax Ordinance, 2001; that it why taxpayers had intentionally been excluded from the domain of circular/clarification venture of Federal Board of Revenue---Power vested under S.206 of the Income Tax Ordinance, 2001 wer...