Case Law Details
Carmel Convent Vs ITO (Exemption) (ITAT Cochin)
Deciphering the Legal Landscape: An Analysis of Carmel Convent v. Income-tax Officer (Exemption) and Its Implications for Charitable Trust Exemptions
Introduction
Case law, also known as precedent or common law, is a key pillar of the legal system, particularly in jurisdictions that follow the common law tradition. It refers to the collection of past legal decisions made by courts and similar tribunals, which are then used as a point of reference for future cases. The importance of case law cannot be overstated, as it provides predictability, stability, and consistency in the application of the law. Through the doctrine of stare decisis, lower courts are bound to follow the decisions of higher courts in the same jurisdiction, ensuring that similar cases are treated similarly. This principle not only helps in the fair administration of justice but also aids in the evolution of the law, allowing it to adapt to changing societal norms and values.
Purpose of the Article
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