https://www.taxtmi.com/caselaws?id=126184 Pre-deposit was waived and recovery stayed where the applicant, as purchaser of assets of a defaulting company through RIICO, argued that it had not assumed the company's liabilities. The tribunal accepted, for interim purposes, that there was prima facie merit in the contention that the penalty may not be recoverable from an asset purchaser who did not take over the predecessor's obligations, and granted protection pending disposal of the appeal. en-us Mon, 27 Apr 2009 00:00:00 +0530 Sat, 03 Nov 2012 10:51:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=126184 Pre-deposit was waived and recovery stayed where the applicant, as purchaser of assets of a defaulting company through RIICO, argued that it had not assumed the company's liabilities. The tribunal accepted, for interim purposes, that there was prima facie merit in the contention that the penalty may not be recoverable from an asset purchaser who did not take over the predecessor's obligations, and granted protection pending disposal of the appeal. Case-Laws Central Excise Mon, 27 Apr 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=126184