Tribunal cannot differ from earlier order of Tribunal in assessee's own case and follow the order of Tribunal in another assessee

Last updated: 21 June 2022

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Quick Summary

The Bombay High Court ruled that an Income Tax Appellate Tribunal cannot deviate from its own earlier orders concerning the same assessee. If the Tribunal believes a prior decision was incorrect, it should refer the matter to a larger bench rather than simply following a different Tribunal's ruling on another assessee's case. This ensures consistency and fairness in tax assessments.

Court :
Bombay High Court

Brief :
The Hon'ble Bombay High Court in this case held that Tribunal has no power to review its own decision in the case of same assessee in earlier years

Citation :
Omega Investments and Properties Ltd v. CIT

Daily Limit Reached