https://www.taxtmi.com/caselaws?id=247004 The High Court allowed the appeals challenging the Income Tax Appellate Tribunal's order regarding the liability of a notified person under the Special Court Act, 1992 to pay interest under sections 234A, 234B, and 234C of the Income Tax Act, 1961 for the assessment year 2004-05. The Court held that the Tribunal erred in exempting the assessee from interest payment, emphasizing the binding nature of a previous decision that concluded the assessee's liability. The Court stressed the importance of judicial discipline in adhering to binding precedents, ultimately setting aside the Tribunal's order in favor of the appellants. en-us Tue, 01 Apr 2014 00:00:00 +0530 Wed, 20 Aug 2014 10:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=247004 The High Court allowed the appeals challenging the Income Tax Appellate Tribunal's order regarding the liability of a notified person under the Special Court Act, 1992 to pay interest under sections 234A, 234B, and 234C of the Income Tax Act, 1961 for the assessment year 2004-05. The Court held that the Tribunal erred in exempting the assessee from interest payment, emphasizing the binding nature of a previous decision that concluded the assessee's liability. The Court stressed the importance of judicial discipline in adhering to binding precedents, ultimately setting aside the Tribunal's order in favor of the appellants. Case-Laws Income Tax Tue, 01 Apr 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=247004