https://www.taxtmi.com/article/detailed?id=643 Binding precedent requires tribunals and quasi judicial authorities to follow higher court rulings within their jurisdiction; authorities must consider applicable precedents, prima facie merits and undue hardship before ordering pre deposits. Revenue departments are obliged to apply settled law suo motu. Penalty provisions for service tax differ from excise penalties tied to fraud or suppression, permitting tribunals to waive penalties where assessees cooperated and lacked deliberate concealment, though such waivers may be fact specific. en-us Fri, 15 Jan 2010 00:00:00 +0530 Fri, 15 Jan 2010 06:30:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=643 Binding precedent requires tribunals and quasi judicial authorities to follow higher court rulings within their jurisdiction; authorities must consider applicable precedents, prima facie merits and undue hardship before ordering pre deposits. Revenue departments are obliged to apply settled law suo motu. Penalty provisions for service tax differ from excise penalties tied to fraud or suppression, permitting tribunals to waive penalties where assessees cooperated and lacked deliberate concealment, though such waivers may be fact specific. Articles Service Tax Fri, 15 Jan 2010 00:00:00 +0530 https://www.taxtmi.com/article/detailed?id=643