https://www.taxtmi.com/article/detailed?id=1153 Rule of precedent focuses on the binding force of the ratio decidendi rather than all judicial observations; only the principle necessary to decide a case is authoritative. Obiter dicta, being unnecessary to the decision, are not binding though persuasive. Precedents must be read in their factual context and applied only to the extent warranted by the underlying principle, avoiding mechanical extension beyond the facts and issues actually decided. en-us Fri, 25 Feb 2011 22:58:44 +0530 Sat, 14 Sep 2013 23:07:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=1153 Rule of precedent focuses on the binding force of the ratio decidendi rather than all judicial observations; only the principle necessary to decide a case is authoritative. Obiter dicta, being unnecessary to the decision, are not binding though persuasive. Precedents must be read in their factual context and applied only to the extent warranted by the underlying principle, avoiding mechanical extension beyond the facts and issues actually decided. Articles Budget - Tax Proposals Fri, 25 Feb 2011 22:58:44 +0530 https://www.taxtmi.com/article/detailed?id=1153