https://www.taxtmi.com/caselaws?id=164378 Income-tax assessments are separate for each year, so the strict rule of res judicata does not bind tax authorities in later years. A prior finding may nonetheless be departed from only when the earlier view was reached without material facts, was perverse or arbitrary, or the later record contains fuller and more relevant evidence on the same issue. On the facts described, the later Tribunal relied on partnership documents and registration materials not considered earlier, so departure from the prior finding was treated as justified. en-us Tue, 13 Sep 1955 00:00:00 +0530 Wed, 23 Apr 2014 10:35:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=164378 Income-tax assessments are separate for each year, so the strict rule of res judicata does not bind tax authorities in later years. A prior finding may nonetheless be departed from only when the earlier view was reached without material facts, was perverse or arbitrary, or the later record contains fuller and more relevant evidence on the same issue. On the facts described, the later Tribunal relied on partnership documents and registration materials not considered earlier, so departure from the prior finding was treated as justified. Case-Laws Income Tax Tue, 13 Sep 1955 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=164378