https://www.taxtmi.com/caselaws?id=18827 The Tribunal reheard an appeal for the assessment year 1975-76, justifying a fresh assessment based on the Appellate Assistant Commissioner's decision. Following the Jammu and Kashmir High Court's decision, the Tribunal's ruling aligned with the legal position that decisions of one High Court do not bind another. The Tribunal clarified that a Special Bench lacks jurisdiction to decide on matters not referred to them. Regarding the classification of the company as industrial, the Tribunal upheld the claim, setting aside the Income-tax Officer's decision. The judgment by Judges D. N. Baruah and V. D. Gyani provided clarity on the Tribunal's authority and legal principles. en-us Fri, 22 Sep 1995 00:00:00 +0530 Mon, 02 Nov 2009 12:26:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=18827 The Tribunal reheard an appeal for the assessment year 1975-76, justifying a fresh assessment based on the Appellate Assistant Commissioner's decision. Following the Jammu and Kashmir High Court's decision, the Tribunal's ruling aligned with the legal position that decisions of one High Court do not bind another. The Tribunal clarified that a Special Bench lacks jurisdiction to decide on matters not referred to them. Regarding the classification of the company as industrial, the Tribunal upheld the claim, setting aside the Income-tax Officer's decision. The judgment by Judges D. N. Baruah and V. D. Gyani provided clarity on the Tribunal's authority and legal principles. Case-Laws Income Tax Fri, 22 Sep 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=18827