https://www.taxtmi.com/caselaws?id=773197 A precedent must be applied in the context of the specific charging provision in issue. The Tribunal noted that the Supreme Court ruling cited by the revenue concerned interest under section 234B, while the Bombay High Court decision followed by the coordinate bench related to interest under section 234C. Reading the judgments as a whole, it held that the two provisions operate in distinct statutory settings, so reliance on the High Court ruling was justified and the revenue's request for recall or correction had no merit. en-us Fri, 06 Jun 2025 00:00:00 +0530 Thu, 19 Jun 2025 08:29:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=773197 A precedent must be applied in the context of the specific charging provision in issue. The Tribunal noted that the Supreme Court ruling cited by the revenue concerned interest under section 234B, while the Bombay High Court decision followed by the coordinate bench related to interest under section 234C. Reading the judgments as a whole, it held that the two provisions operate in distinct statutory settings, so reliance on the High Court ruling was justified and the revenue's request for recall or correction had no merit. Case-Laws Income Tax Fri, 06 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=773197