Decisions pronounced by the High Courts on Income Tax matter become judicial precedent and are binding on :

CS Executive · Tax Laws and Practice · PYQS · December 2021
Decisions pronounced by the High Courts on Income Tax matter become judicial precedent and are binding on :
(A) All the High Courts
(B) Appellate Tribunal
(C) Income Tax Authorities under its jurisdiction
(D) All Assessee covered under Income Tax Act, 1961

Answer & Explanation:

Correct Answer: Option (B)

Official answer key: (B), (C). Official source note: Option C is Correct. Further, Option B is also correct if Appellate Tribunal is under the same jusrisdiction of High Court .

Topics: Income Tax Act, 1961

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