Precedent on questions of law leads the Madras HC to answer the appeal in favour of the assessee.

The Madras HC treated the questions of law in the appeal as covered by an earlier Division Bench ruling of the same Court and followed that precedent. Applying the earlier view, the Court answered the questions of law in favour of the assessee and against the Revenue.

---

---

Issues: Whether the questions of law raised in the appeal were liable to be answered in favour of the assessee or the Revenue.

Analysis: The issue was treated as covered by an earlier Division Bench decision of the same Court. On that basis, the appeal was decided consistently with the earlier view and the questions of law were answered accordingly.

Conclusion: The questions of law were answered in favour of the assessee and against the Revenue.

---