https://www.taxtmi.com/caselaws?id=408610 The tribunal allowed the appeals of the assessee, holding that the National Faceless Appeal Centre (NFAC) is bound by the jurisdictional High Court decision in Sagun Foundry (P) Ltd. vs CIT. The tribunal emphasized the importance of the NFAC following binding precedents to ensure consistency, transparency, efficiency, and accountability in its functioning, calling for introspection by the Central Board of Direct Taxes (CBDT) to avoid frivolous litigation. en-us Mon, 14 Jun 2021 00:00:00 +0530 Wed, 16 Jun 2021 13:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=408610 The tribunal allowed the appeals of the assessee, holding that the National Faceless Appeal Centre (NFAC) is bound by the jurisdictional High Court decision in Sagun Foundry (P) Ltd. vs CIT. The tribunal emphasized the importance of the NFAC following binding precedents to ensure consistency, transparency, efficiency, and accountability in its functioning, calling for introspection by the Central Board of Direct Taxes (CBDT) to avoid frivolous litigation. Case-Laws Income Tax Mon, 14 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=408610