https://www.taxtmi.com/caselaws?id=206603 The High Court held that the Tribunal lacked jurisdiction to ignore the High Court's decision and declare it incorrect. The Tribunal must follow decisions of the jurisdictional High Court without making adverse comments, maintaining respect for the hierarchical judicial system. If the Tribunal disagrees with the High Court, it should rely on the decision and allow parties to appeal for reconsideration. Only the Supreme Court or a larger Bench of the High Court can declare a decision incorrect. The High Court ruled in favor of the assessee, emphasizing adherence to legal procedures and respect for higher court decisions. en-us Mon, 04 Feb 2008 00:00:00 +0530 Sat, 15 Dec 2012 16:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=206603 The High Court held that the Tribunal lacked jurisdiction to ignore the High Court's decision and declare it incorrect. The Tribunal must follow decisions of the jurisdictional High Court without making adverse comments, maintaining respect for the hierarchical judicial system. If the Tribunal disagrees with the High Court, it should rely on the decision and allow parties to appeal for reconsideration. Only the Supreme Court or a larger Bench of the High Court can declare a decision incorrect. The High Court ruled in favor of the assessee, emphasizing adherence to legal procedures and respect for higher court decisions. Case-Laws Income Tax Mon, 04 Feb 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=206603