https://www.taxtmi.com/caselaws?id=205920 The court ruled in favor of the Revenue, deciding to remand the case to the Tribunal for a fresh decision. The judgment emphasized the importance of considering Supreme Court decisions, stating that ignorance of such decisions can vitiate a ruling. The court directed the Tribunal to reexamine the case in light of Supreme Court guidelines, acknowledging the relevance of the specific case law. Ultimately, the court set aside the previous order and instructed the Tribunal to reconsider the matter, taking into account the Supreme Court's directives. en-us Thu, 25 Jun 2009 00:00:00 +0530 Thu, 29 Sep 2011 01:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=205920 The court ruled in favor of the Revenue, deciding to remand the case to the Tribunal for a fresh decision. The judgment emphasized the importance of considering Supreme Court decisions, stating that ignorance of such decisions can vitiate a ruling. The court directed the Tribunal to reexamine the case in light of Supreme Court guidelines, acknowledging the relevance of the specific case law. Ultimately, the court set aside the previous order and instructed the Tribunal to reconsider the matter, taking into account the Supreme Court's directives. Case-Laws Income Tax Thu, 25 Jun 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=205920