https://www.taxtmi.com/caselaws?id=325571 The HC set aside the Tribunal's order for disregarding binding precedent from this Court regarding disallowance under s. 14A on interest expenditure related to tax-free securities. The Court emphasized that lower authorities must follow its decisions until altered by a larger bench or SC, and the Tribunal erred in ignoring this principle. The matter was remanded for fresh consideration strictly in accordance with the binding rulings of the HC. The Court underscored the importance of judicial discipline and uniformity to prevent confusion and arbitrariness in tax law administration. en-us Thu, 25 Feb 2016 00:00:00 +0530 Tue, 23 Jun 2026 17:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=325571 The HC set aside the Tribunal's order for disregarding binding precedent from this Court regarding disallowance under s. 14A on interest expenditure related to tax-free securities. The Court emphasized that lower authorities must follow its decisions until altered by a larger bench or SC, and the Tribunal erred in ignoring this principle. The matter was remanded for fresh consideration strictly in accordance with the binding rulings of the HC. The Court underscored the importance of judicial discipline and uniformity to prevent confusion and arbitrariness in tax law administration. Case-Laws Income Tax Thu, 25 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=325571