Res Judicata in Taxation: Prior Tribunal Decisions Can Influence Current Assessments u/s 11 If Facts Remain Consistent.

Exemption u/s 11 - While none may successfully contend or invoke res judicata in taxation matters, at the same time, in absence of any difference of fundamental fact or law arising in subsequent Assessment Year and in face of the same dispute having been thrashed out inter partes in earlier Assessment Year and a definite opinion having been formed by the Tribunal for the same - HC .....

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