https://www.taxtmi.com/caselaws?id=97761 The Tribunal granted the stay petitions filed by the assessee against the Order-in-Original and decision confirming demand and penalty imposition. The judgment emphasized the significance of BIFR registration for staying tax recovery under Section 22 of the Sick Industrial Companies Act. Citing relevant case law, the Tribunal ordered the waiver of duty and penalties demanded under the impugned orders, directing coordination between the assessee, Department, and BIFR. The applications were disposed of based on these terms, ensuring alignment with legal requirements. en-us Wed, 07 Mar 2001 00:00:00 +0530 Wed, 18 Jan 2012 10:10:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=97761 The Tribunal granted the stay petitions filed by the assessee against the Order-in-Original and decision confirming demand and penalty imposition. The judgment emphasized the significance of BIFR registration for staying tax recovery under Section 22 of the Sick Industrial Companies Act. Citing relevant case law, the Tribunal ordered the waiver of duty and penalties demanded under the impugned orders, directing coordination between the assessee, Department, and BIFR. The applications were disposed of based on these terms, ensuring alignment with legal requirements. Case-Laws Central Excise Wed, 07 Mar 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=97761