https://www.taxtmi.com/caselaws?id=277599 The High Court of Bombay dismissed the appeal challenging the Income Tax Appellate Tribunal's order on the deductibility of a payment made to ex-partners for the Assessment Year 2007-08. The Court held that the proposed question of law by the Revenue was not entertained as previous decisions had already settled the issue against the Revenue. Emphasizing the importance of precedent, the Court ruled in favor of the respondent assessee, highlighting the significance of legal principles and established case law in guiding judicial decisions. en-us Thu, 11 Aug 2016 00:00:00 +0530 Thu, 13 Dec 2018 06:00:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=277599 The High Court of Bombay dismissed the appeal challenging the Income Tax Appellate Tribunal's order on the deductibility of a payment made to ex-partners for the Assessment Year 2007-08. The Court held that the proposed question of law by the Revenue was not entertained as previous decisions had already settled the issue against the Revenue. Emphasizing the importance of precedent, the Court ruled in favor of the respondent assessee, highlighting the significance of legal principles and established case law in guiding judicial decisions. Case-Laws Income Tax Thu, 11 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=277599