Tribunal, in no circumstances whatsoever, can be led to take a different view on same facts and law on which Jurisdictional High Court has already taken a view

RELEVANT PARAGRAPH 8. Hence, we find that we are faced with a case, where, on similar law and facts, Honourable Jurisdictional High Court has dismissed Revenue’s appeal on tax effect. Hence, the question arises can this Tribunal take a different view? In our humble opinion, in no circumstances whatsoever, Tribunal can be led to take a different view on the same facts and law on which the Honourable Jurisdictional High Court has already taken a view as only a superior or co-ordinate authority can overrule or choose not to follow a precedent. For this, we draw support from following treati...