https://www.taxtmi.com/caselaws?id=93731 Where the assessee demonstrated genuine financial incapacity and the factory had ceased operations after takeover by a financial institution, insistence on pre-deposit was not warranted. Interim relief was therefore granted by waiving pre-deposit and staying recovery. Since the appeal had not been decided on merits by the Commissioner (Appeals), the matter was remanded for de novo consideration with an opportunity of personal hearing, without insisting on pre-deposit. en-us Tue, 04 Jul 2000 00:00:00 +0530 Wed, 16 Nov 2011 15:10:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=93731 Where the assessee demonstrated genuine financial incapacity and the factory had ceased operations after takeover by a financial institution, insistence on pre-deposit was not warranted. Interim relief was therefore granted by waiving pre-deposit and staying recovery. Since the appeal had not been decided on merits by the Commissioner (Appeals), the matter was remanded for de novo consideration with an opportunity of personal hearing, without insisting on pre-deposit. Case-Laws Central Excise Tue, 04 Jul 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=93731