41. We have noticed following observations of the Karnataka
High Court in CIT v. Gauthamchand Bhandari reported in
MANU/KA/1788/2010 : (2012) 347 ITR 491, 499:--
41. We have noticed following observations of the Karnataka
High Court in CIT v. Gauthamchand Bhandari reported in
MANU/KA/1788/2010 : (2012) 347 ITR 491, 499:--
2001 EWCA Civ 405, wherein the Court referred to
Article 6 of European Convention of Human Rights
which requires, "adequate and intelligent reasons
must be given for judicial decisions".
o. In all common law jurisdictions judgments play
a vital role in setting up precedents for the future.
Therefore, for development of law, requirement of
giving reasons for the decision is of the essence
and is virtually a part of "Due Process".
We have noticed following observations of the
Karnataka High Court in CIT v. Gauthamchand
Bhandari reported in MANU/KA/1788/2010 :