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Income Tax - Highlights / Catch Notes

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Rectification u/s 254 - A binding decision is always ...


Court Ruling u/s 254: Judicial Decisions Are Retrospective, Correcting Prior Legal Interpretation Errors.

April 1, 2019

Case Laws     Income Tax     AT

Rectification u/s 254 - A binding decision is always retrospective - When a court decides a matter it only interprets law and applies it to the facts of the case. any interpretation of law contrary to subsequent judicial pronouncement it is a mistake apparent from record.

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