{"id":2990,"date":"2018-11-29T11:18:56","date_gmt":"2018-11-29T11:18:56","guid":{"rendered":"http:\/\/itatonline.org\/digest\/lic-employees-co-operative-bank-ltd-v-acit-2018-408-itr-287-254-taxman-119-mad-hc\/"},"modified":"2018-11-29T11:18:56","modified_gmt":"2018-11-29T11:18:56","slug":"lic-employees-co-operative-bank-ltd-v-acit-2018-408-itr-287-254-taxman-119-mad-hc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/lic-employees-co-operative-bank-ltd-v-acit-2018-408-itr-287-254-taxman-119-mad-hc\/","title":{"rendered":"LIC  Employees Co-Operative Bank Ltd. v. ACIT (2018) 408 ITR 287\/ 254 Taxman 119  (Mad) (HC)"},"content":{"rendered":"<p>Court held that ;Assessing Officer is bound by decision of Tribunal. Pendency of\u00a0 an appeal\u00a0 would not amount to an order of stay. Even assuming appeals have been presented as long as orders passed by the Income -tax Appellate Tribunal has not been stayed or set aside\u00a0 it is binding upon the Assessing Officer. Referred , UOI v. Kamalakshi Finance Corporation Ltd ( 1982) AIR 1992 SC 711 ( Para 9)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Interpretation \u2013 Binding precedent -Appellate Tribunal- Assessing Officer is bound by decision of Tribunal- Pendency of  an appeal  would not amount to an order of stay .[ S.254(1) ]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2990","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-Me","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/2990","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=2990"}],"version-history":[{"count":0,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/2990\/revisions"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=2990"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=2990"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=2990"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}