Stare decisis applied as the Supreme Court disposed of identical petitions on the same terms as an earlier decision.

The Supreme Court disposed of the special leave petitions by applying the earlier ruling in Madhur Industries Ltd. v. Commissioner of Income Tax-II, after counsel stated that the issues were identical. The Court followed the observations, conclusions, and directions in that decision, and passed the present matters on the same terms without adding separate reasoning. The operative effect was that the petitions were concluded by reference to the prior decision, reflecting straightforward application of stare decisis to identical issues.

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Outcome: The special leave petitions were disposed of in the same terms, observations and directions as the earlier decision relied upon.

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