https://www.taxtmi.com/caselaws?id=275436 The court recommended that the matter be heard by a larger bench due to conflicting decisions from other High Courts and the importance of the issues raised. It emphasized the binding precedent set by a previous case and noted the challenge in concluding the new rule's compliance with the rule-making power under Section 295 of the Act until the precedent was overruled or clarified. The court directed the matter to be placed before the Chief Justice for the constitution of an appropriate larger bench for further consideration. en-us Mon, 01 Sep 2003 00:00:00 +0530 Wed, 03 Oct 2018 18:16:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=275436 The court recommended that the matter be heard by a larger bench due to conflicting decisions from other High Courts and the importance of the issues raised. It emphasized the binding precedent set by a previous case and noted the challenge in concluding the new rule's compliance with the rule-making power under Section 295 of the Act until the precedent was overruled or clarified. The court directed the matter to be placed before the Chief Justice for the constitution of an appropriate larger bench for further consideration. Case-Laws Income Tax Mon, 01 Sep 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=275436