https://www.taxtmi.com/caselaws?id=40299 A judgment cannot be sustained where its legal basis has already been overruled by a later binding decision. The Court applied the controlling precedent, found that the impugned judgment had proceeded on an earlier view that no longer survived, and therefore set it aside. The appeals were allowed because the decision under challenge could not stand once the authoritative ruling was applied. en-us Wed, 23 Jul 1997 00:00:00 +0530 Wed, 29 Aug 2018 18:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=40299 A judgment cannot be sustained where its legal basis has already been overruled by a later binding decision. The Court applied the controlling precedent, found that the impugned judgment had proceeded on an earlier view that no longer survived, and therefore set it aside. The appeals were allowed because the decision under challenge could not stand once the authoritative ruling was applied. Case-Laws Income Tax Wed, 23 Jul 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=40299