Tribunal's decisions binding on lower authorities

CA URVASHI PORWAL Brief of the Case In the case of K.R.S. Enterprises (P.) Ltd. VS. Commissioner of Service Tax, Bangalore,it was held that the Tribunal’s decisions are binding on the lower authorities and cannot be ignored on the sole ground that the Revenue may prefer to file appeal against the same before the higher authorities until and unless the same is set aside by a higher forum. Facts of the Case The challenge in the present appeal is to penalty of Rs 1 .17 crores imposed upon the appellant under Sections 76, 77 & 78 of the Finance Act, 1994. The appellants have already dep...