https://www.taxtmi.com/caselaws?id=465482 The dominant issue was whether the impugned judgment could stand in light of binding SC precedent on the applicable legal principles. Applying the ratio in Kasinka Trading v. Union of India as controlling, the SC held that the controversy was governed by those settled principles and did not warrant a fresh merits reappraisal. The impugned judgment was therefore set aside and the appeals were allowed, with each side directed to bear its own costs. en-us Tue, 08 Apr 1997 00:00:00 +0530 Sat, 27 Dec 2025 13:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=465482 The dominant issue was whether the impugned judgment could stand in light of binding SC precedent on the applicable legal principles. Applying the ratio in Kasinka Trading v. Union of India as controlling, the SC held that the controversy was governed by those settled principles and did not warrant a fresh merits reappraisal. The impugned judgment was therefore set aside and the appeals were allowed, with each side directed to bear its own costs. Case-Laws Indian Laws Tue, 08 Apr 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=465482