{"id":7140,"date":"2019-09-08T09:42:15","date_gmt":"2019-09-08T09:42:15","guid":{"rendered":"http:\/\/itatonline.org\/digest\/peerless-general-finance-and-investment-co-ltd-v-cit-2019-416-itr-1-107-taxmann-com-228-309-ctr-321-180-dtr-97sc-www-itatonline-org\/"},"modified":"2019-10-31T10:39:09","modified_gmt":"2019-10-31T10:39:09","slug":"peerless-general-finance-and-investment-co-ltd-v-cit-2019-416-itr-1-107-taxmann-com-228-309-ctr-321-180-dtr-97sc-www-itatonline-org","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/peerless-general-finance-and-investment-co-ltd-v-cit-2019-416-itr-1-107-taxmann-com-228-309-ctr-321-180-dtr-97sc-www-itatonline-org\/","title":{"rendered":"Peerless General Finance and investment Co. Ltd. v. CIT( 2019)  416 ITR  1\/  265 Taxman 413\/ 309 CTR 321\/180 DTR 97(SC), www.itatonline.org"},"content":{"rendered":"<p>A pronouncement of Supreme Court is binding on High Court though not ratio decidendi of judgment . \u00a0There can be no estoppel against a settled position in law . Effect of decision in Peerless General Finance and investment Co. Ltd. v. Reserve Bank of India ( 1992) 75 Comp Cas 12 (SC) \u00a0\u00a0\u00a0\u00a0(CA No 1265 of \u00a02007,dt.09.07.2019) ( AY. 1985 -86 , 1986 -87)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Interpretation of taxing statutes \u2013 Precedent \u2013 Supreme Court -Pronouncement of Supreme Court is binding on High Court though not ratio decidendi of judgment .<\/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_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":"","jetpack_post_was_ever_published":false},"categories":[1],"tags":[],"class_list":["post-7140","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-1Ra","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/7140","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=7140"}],"version-history":[{"count":2,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/7140\/revisions"}],"predecessor-version":[{"id":7937,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/7140\/revisions\/7937"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=7140"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=7140"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=7140"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}