https://www.taxtmi.com/caselaws?id=241271 The Tribunal allowed the appellant's miscellaneous application seeking a stay of recovery of a penalty during the pendency of a reference application before the High Court. The Tribunal extended the stay order, initially granted by the Tribunal, until the final disposal of the reference application by the High Court. The appellant had already deposited Rs. 5 lakh, and the High Court admitted the reference application challenging the penalty imposed under the Customs Act, 1962. The Tribunal considered past decisions where stays were granted in similar situations and ruled in favor of the appellant, continuing the stay order until the High Court's final decision. en-us Wed, 21 Sep 2011 00:00:00 +0530 Fri, 20 Dec 2013 05:44:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=241271 The Tribunal allowed the appellant's miscellaneous application seeking a stay of recovery of a penalty during the pendency of a reference application before the High Court. The Tribunal extended the stay order, initially granted by the Tribunal, until the final disposal of the reference application by the High Court. The appellant had already deposited Rs. 5 lakh, and the High Court admitted the reference application challenging the penalty imposed under the Customs Act, 1962. The Tribunal considered past decisions where stays were granted in similar situations and ruled in favor of the appellant, continuing the stay order until the High Court's final decision. Case-Laws Customs Wed, 21 Sep 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=241271