https://www.taxtmi.com/caselaws?id=279143 The article explains that an Income-tax Officer assessing later years may go behind the original cost accepted in earlier assessments where the issue has already been conclusively determined by binding authority. It notes that there is no provision in the Income-tax Act allowing a party to withdraw a reference after it has been made to the High Court, so the reference must be answered in line with the existing binding decision. The discussion therefore treats earlier adjudication as controlling and requires consistency with the Supreme Court's affirmed position on the same question. en-us Tue, 23 Aug 1955 00:00:00 +0530 Tue, 05 Mar 2019 15:40:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=279143 The article explains that an Income-tax Officer assessing later years may go behind the original cost accepted in earlier assessments where the issue has already been conclusively determined by binding authority. It notes that there is no provision in the Income-tax Act allowing a party to withdraw a reference after it has been made to the High Court, so the reference must be answered in line with the existing binding decision. The discussion therefore treats earlier adjudication as controlling and requires consistency with the Supreme Court's affirmed position on the same question. Case-Laws Income Tax Tue, 23 Aug 1955 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=279143