Assistant Commr vs M/S Shyam Trading Corp

The Supreme Court set aside the impugned order of the High Court as it was passed prior to the decision in Assistant Commercial Taxes Officer vs. Bajaj Electricals Limited, reported in 2009 (1) S.C.C. 308. The Court held that the matter should be reconsidered de novo in light of the aforementioned decision, establishing the principle that prior judgments must be considered in subsequent proceedings. The civil appeal was allowed with no order as to costs.