https://www.taxtmi.com/caselaws?id=176511 The High Court clarified that Special Bench decisions are binding unless overturned by a higher court. The Tribunal's order was remanded for reconsideration in light of potential High Court decisions. The Tribunal upheld the Special Bench decision, stating that S.40(a)(ia) cannot apply if payments were made. The importance of following legal precedents until overturned by higher courts was emphasized, ensuring consistency in legal interpretation. en-us Mon, 19 Jan 2015 00:00:00 +0530 Wed, 23 Dec 2015 22:12:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=176511 The High Court clarified that Special Bench decisions are binding unless overturned by a higher court. The Tribunal's order was remanded for reconsideration in light of potential High Court decisions. The Tribunal upheld the Special Bench decision, stating that S.40(a)(ia) cannot apply if payments were made. The importance of following legal precedents until overturned by higher courts was emphasized, ensuring consistency in legal interpretation. Case-Laws Income Tax Mon, 19 Jan 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=176511