https://www.taxtmi.com/caselaws?id=243381 The High Court found that the ITAT's decision to remit the issue to the CIT (A) for fresh adjudication, despite a binding precedent set by the Supreme Court in Liberty India case, was a breach of judicial discipline. The High Court emphasized the binding nature of Supreme Court decisions under Article 141 of the Constitution and held that the Tribunal's failure to follow the established precedent constituted a violation of judicial discipline. Consequently, the High Court ruled in favor of the Revenue, answering the legal questions negatively and disposing of the Income Tax Appeals without costs. en-us Fri, 17 Jan 2014 00:00:00 +0530 Fri, 31 Jan 2014 10:42:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=243381 The High Court found that the ITAT's decision to remit the issue to the CIT (A) for fresh adjudication, despite a binding precedent set by the Supreme Court in Liberty India case, was a breach of judicial discipline. The High Court emphasized the binding nature of Supreme Court decisions under Article 141 of the Constitution and held that the Tribunal's failure to follow the established precedent constituted a violation of judicial discipline. Consequently, the High Court ruled in favor of the Revenue, answering the legal questions negatively and disposing of the Income Tax Appeals without costs. Case-Laws Income Tax Fri, 17 Jan 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=243381