https://www.taxtmi.com/caselaws?id=40174 In income-tax appeals, the Court applied the binding precedent in Second ITO v. Stumpp, Schuele and Somappa P. Ltd. and declined to revisit the correctness of that ruling. Emphasising stare decisis, the Court stated that certainty in the law is as important as correctness and that earlier authoritative decisions should govern later matters covered by them. The pending appeals were therefore disposed of by following the existing precedent, without reopening the underlying reasoning. en-us Thu, 07 Jan 1993 00:00:00 +0530 Sat, 01 Sep 2018 10:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=40174 In income-tax appeals, the Court applied the binding precedent in Second ITO v. Stumpp, Schuele and Somappa P. Ltd. and declined to revisit the correctness of that ruling. Emphasising stare decisis, the Court stated that certainty in the law is as important as correctness and that earlier authoritative decisions should govern later matters covered by them. The pending appeals were therefore disposed of by following the existing precedent, without reopening the underlying reasoning. Case-Laws Income Tax Thu, 07 Jan 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=40174