https://www.taxtmi.com/caselaws?id=40166 The SC applied the ratio decidendi in Garden Silk Weaving Factory v. CIT and treated it as controlling on the present appeals. Finding no distinguishing feature that justified departure from the earlier pronouncement, the Court followed that precedent and dismissed the appeals in accordance with it. The note reflects the principle that a binding prior decision governs later cases on the same issue unless a material distinction is shown. en-us Thu, 07 Jan 1993 00:00:00 +0530 Fri, 31 Aug 2018 18:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=40166 The SC applied the ratio decidendi in Garden Silk Weaving Factory v. CIT and treated it as controlling on the present appeals. Finding no distinguishing feature that justified departure from the earlier pronouncement, the Court followed that precedent and dismissed the appeals in accordance with it. The note reflects the principle that a binding prior decision governs later cases on the same issue unless a material distinction is shown. Case-Laws Income Tax Thu, 07 Jan 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=40166