NFAC bound by decision of jurisdictional High Court or ITAT, where AO was situated

Nagesh Consultants Vs DCIT (ITAT Bangalore)

Arguments of the assessee:

1. that the decision of the Hon. Jurisdictional High Court of the assessee must have been followed by the NFAC.

Observations of the Hon. Tribunal:

1. If there is conflicting views rendered by different High Courts, the view taken by the jurisdictional High Court is binding in the jurisdictional area of the respective High Court.

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