Whether the advance ruling have precedent value of a judgment of the High Court or the Supreme Court? https://www.taxtmi.com/acts?id=24642 An advance ruling does not have precedent value like higher court judgments; it is binding only in respect of the matter referred and the applicant, while for others it carries persuasive value but no binding effect. en-us Mon, 03 Apr 2017 16:18:09 +0530 Mon, 03 Apr 2017 16:18:09 +0530 TaxTMI RSS Generator Whether the advance ruling have precedent value of a judgment of the High Court or the Supreme Court? https://www.taxtmi.com/acts?id=24642 An advance ruling does not have precedent value like higher court judgments; it is binding only in respect of the matter referred and the applicant, while for others it carries persuasive value but no binding effect. Act-Rules Bill Mon, 03 Apr 2017 16:18:09 +0530 https://www.taxtmi.com/acts?id=24642