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2021 (5) TMI 760 - AT - Income TaxExcessive sugarcane price paid to members as well as non-members of the respective assessees - Review petition - HELD THAT:- Review petition has been filed before the Hon'ble Supreme Court against the judgment in the case of CIT Vs Tasgaon SSK Ltd.[2019 (3) TMI 321 - SUPREME COURT] which is still pending and hence the decision thereon should be awaited, is of no consequence. Hundreds of orders have been passed by the Tribunal on this issue following the final judgment of the Hon'ble Supreme Court in the case of CIT Vs Tasgaon SSK Ltd. (supra). Mere filing of Review petition does not obliterate the ratio laid down in the judgment under review. It is only when an order on review is passed that the ratio can undergo change subject to the outcome of the review order. Till then, the ratio of the decision operates with force and remains binding on all the subordinate courts in the country. Since the issue under consideration is admittedly fully and directly covered by the judgment of the Hon'ble Supreme Court in the case of CIT Vs Tasgaon SSK Ltd. (supra), we are disinclined to accept the argument of the ld. AR. All the appeals are allowed for statistical purposes.
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