Judgment of jurisdictional High Court not binding if there is a later contrary judgment of non-jurisdictional HC

One thing is apparent that divergent view have been expressed by the Hon’ble Courts what is to be charged u/s.22 of the IT Act is the annual value of the property, irrespective of the fact whether or not any income is either actually received or accrued to the assessee. Since, the Hon’ble High Courts have expressed different views, therefore, we have to apply a thumb rule in respect of the applicability of the precedents cited.

A thumb rule is that a latest decision of the Hon’ble High Court is required to be followed to maintain the judicial

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