https://www.taxtmi.com/caselaws?id=265418 The High Court allowed the appeal, directing the Tribunal to re-examine the appellant's financial hardship considering the audited balance sheet. The Tribunal's decision was criticized for inaccurately assessing the appellant's financial position. The Court emphasized the reliability of audited accounts, highlighting a net loss. The Tribunal's finding of profit was deemed erroneous, and the appellant was instructed to deposit Rs. 16.00 lakhs for the appeal to proceed. The High Court questioned the reversal of credit taken by the appellant, noting no financial gain. The appeal was disposed of, requiring the appellant to make the deposit within a specified timeframe. en-us Thu, 20 Nov 2014 00:00:00 +0530 Sun, 11 Oct 2015 18:51:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=265418 The High Court allowed the appeal, directing the Tribunal to re-examine the appellant's financial hardship considering the audited balance sheet. The Tribunal's decision was criticized for inaccurately assessing the appellant's financial position. The Court emphasized the reliability of audited accounts, highlighting a net loss. The Tribunal's finding of profit was deemed erroneous, and the appellant was instructed to deposit Rs. 16.00 lakhs for the appeal to proceed. The High Court questioned the reversal of credit taken by the appellant, noting no financial gain. The appeal was disposed of, requiring the appellant to make the deposit within a specified timeframe. Case-Laws Central Excise Thu, 20 Nov 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=265418