https://www.taxtmi.com/caselaws?id=235074 A later appeal on the same tax issue was governed by the Supreme Court's earlier ruling in Liberty India v. CIT. Because the point in dispute was already conclusively settled by binding precedent, no separate basis existed for a different view in the present matter. The Court therefore applied the earlier decision, allowed the Department's appeals, and set aside the relief granted to the assessee. The operative principle is that once the Court has finally decided an issue, that ruling must govern subsequent appeals involving the same question. en-us Thu, 23 Aug 2012 00:00:00 +0530 Thu, 01 Aug 2013 15:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=235074 A later appeal on the same tax issue was governed by the Supreme Court's earlier ruling in Liberty India v. CIT. Because the point in dispute was already conclusively settled by binding precedent, no separate basis existed for a different view in the present matter. The Court therefore applied the earlier decision, allowed the Department's appeals, and set aside the relief granted to the assessee. The operative principle is that once the Court has finally decided an issue, that ruling must govern subsequent appeals involving the same question. Case-Laws Income Tax Thu, 23 Aug 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=235074