C.P.R.Perera vs The Commissioner General of Inland Revenue – CA TAX APPEAL NO. 04/2007-2021

In the case between C.P.R. Perera (Appellant) and The Commissioner General of Inland Revenue (Respondent), the court addressed the issue of whether a tax assessment confirmed by the Board of Review should be upheld or set aside, pursuant to an appeal under Section 122(1) of the Inland Revenue Act No. 28 of 1979. It was held that, in light of the legal questions being identical to those already determined in CA (Tax) Appeal No. 1/2007, and based on counsel’s concession to be governed by that earlier judgment, the assessment should be confirmed and the appeal dismissed. The principle reaffirmed is that when parties agree to be bound by the outcome of a precedent decision involving identical legal issues, the result of that decision will govern the case at hand. Reference was made to the prio