BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -A precedent, in simple terms, is a principle or a rule of law laid down by a superior court in a previously decided judgment that may be referred to for guidance in subsequent cases of similar nature.

Detailed explanation-2: -Judicial Precedents means in general terms a behavior which is previously adopted becomes an example or rule for subsequent cases. For example in the case of Kesavananda Bharati the basic structure doctrine of the Indian Constitution was propounded which is applicable as a precedent in the case of Indira Gandhi Vs.

Detailed explanation-3: -(1) Subject to such conditions and limitations as may be prescribed, an Appellate Court shall have power-(a) to determine a case finally; (b) to remand a case; (c) to frame issues and refer them for trial; (d) to take additional evidence or to require such evidence to be taken.

Detailed explanation-4: -The doctrine of precedent is expressly incorporated in India by Article 141 of the Constitution of India, 1950. Article 141 provides that the decisions of the Supreme Court are binding on all courts within the territory of India.