Held that where issue involved in relevant assessment year was squarely covered in favour of assessee by Jurisdictional High Court and Tribunal in assessee’s own case for earlier assessment years, in such case judicial discipline was to be followed by Assessing Officer and Commissioner (Appeals) even if revenue had challenged previous order of jurisdictional High Court and matter was pending before Supreme Court. (AY. 2013-14, 2014-15)
Sheraton International, LLC. V. JCIT (IT) (2022) 197 ITD 351 (Delhi)(Trib.)
S. 260A : Appeal-High Court-Territorial jurisdiction-Binding precedent-Jurisdictional High court or Tribunal-Lower authorities are bound to follow the judgement, even if revenue had challenged previous order of jurisdictional High Court and matter was pending before Supreme Court. [S. 250, 254(1)]