Settled legal position -pending appeals on covered matters must be withdrawn by revenue to save time of Courts, public money and avoid un-necessary harassment of tax payers. Settled legal position must be followed and rectification as per settled legal position must be made to avoid un-necessary and lingering of litigation and to expedite justice as per law.

Settled legal position -pending appeals on covered matters must be withdrawn by revenue to save time of Courts, public money and avoid un-necessary harassment of tax payers. Settled legal position must be followed and rectification as per settled legal position must be made to avoid un-necessary and lingering of litigation and to expedite justice as per law. https://www.taxtmi.com/article/detailed?id=8129 Settled legal position requires revenue to withdraw or not press appeals on issues already authoritatively decided, and to permit rectification of earlier orders when a higher authority or larger bench revises the law; statutory or procedural provisions should mandate following higher authority decisions in force and allow time limited rectification by tax authorities and assessees to conform orders with prevailing legal position. en-us Mon, 20 Aug 2018 06:12:57 +0530 Mon, 20 Aug 2018 06:12:57 +0530 TaxTMI RSS Generator Settled legal position -pending appeals on covered matters must be withdrawn by revenue to save time of Courts, public money and avoid un-necessary harassment of tax payers. Settled legal position must be followed and rectification as per settled legal position must be made to avoid un-necessary and lingering of litigation and to expedite justice as per law. https://www.taxtmi.com/article/detailed?id=8129 Settled legal position requires revenue to withdraw or not press appeals on issues already authoritatively decided, and to permit rectification of earlier orders when a higher authority or larger bench revises the law; statutory or procedural provisions should mandate following higher authority decisions in force and allow time limited rectification by tax authorities and assessees to conform orders with prevailing legal position. Articles Income Tax Mon, 20 Aug 2018 06:12:57 +0530 https://www.taxtmi.com/article/detailed?id=8129