https://www.taxtmi.com/article/detailed?id=7092 A decision of one High Court is not a binding precedent on another High Court and is at best persuasive; by contrast, a co ordinate bench's decision is binding within the same High Court and divergent views should be referred to a Larger Bench. In the taxation context the Bombay High Court refused to follow a Karnataka High Court decision on the deposit requirement for capital gains exemption, stressing strict textual construction and that unutilized consideration must be appropriated or deposited to secure the exemption. en-us Sat, 19 Nov 2016 11:53:18 +0530 Sat, 19 Nov 2016 11:53:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=7092 A decision of one High Court is not a binding precedent on another High Court and is at best persuasive; by contrast, a co ordinate bench's decision is binding within the same High Court and divergent views should be referred to a Larger Bench. In the taxation context the Bombay High Court refused to follow a Karnataka High Court decision on the deposit requirement for capital gains exemption, stressing strict textual construction and that unutilized consideration must be appropriated or deposited to secure the exemption. Articles Income Tax Sat, 19 Nov 2016 11:53:18 +0530 https://www.taxtmi.com/article/detailed?id=7092