https://www.taxtmi.com/caselaws?id=466925 Where a tribunal follows binding coordinate-bench and higher-court precedent on identical issues, no substantial question of law arises for admission and the appeal may be dismissed. Applying that principle, the court held that separate provisions for rural and non-rural advances for set-off of bad debts under the Income-tax Act were resolved against admission because the Tribunal relied on coordinate-bench and higher authority precedent; accordingly the appeal was not admitted. Similarly, on whether interest on securities accrues on the due date or daily for broken-period interest, the Tribunal's reliance on existing coordinate-bench precedent meant no favourable answer for the revenue and the appeal was declined admission. en-us Wed, 26 Feb 2025 00:00:00 +0530 Thu, 26 Feb 2026 03:24:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=466925 Where a tribunal follows binding coordinate-bench and higher-court precedent on identical issues, no substantial question of law arises for admission and the appeal may be dismissed. Applying that principle, the court held that separate provisions for rural and non-rural advances for set-off of bad debts under the Income-tax Act were resolved against admission because the Tribunal relied on coordinate-bench and higher authority precedent; accordingly the appeal was not admitted. Similarly, on whether interest on securities accrues on the due date or daily for broken-period interest, the Tribunal's reliance on existing coordinate-bench precedent meant no favourable answer for the revenue and the appeal was declined admission. Case-Laws Income Tax Wed, 26 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=466925