https://www.taxtmi.com/caselaws?id=22708 A pre-deposit order in fiscal proceedings will not be interfered with in supervisory jurisdiction where the authority has considered the relevant material and exercised discretion reasonably. Here, the Tribunal's direction to deposit only a substantial part of the excise duty and penalty, after assessing the balance-sheet and liquidity position, was upheld. Further extension of time for compliance may be granted only on terms that protect revenue; continued interim protection was made conditional on payment of interest for the period of delay, with that amount treated as non-refundable and not adjustable against the duty liability. en-us Wed, 18 Oct 1989 00:00:00 +0530 Sat, 12 Dec 2009 14:16:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=22708 A pre-deposit order in fiscal proceedings will not be interfered with in supervisory jurisdiction where the authority has considered the relevant material and exercised discretion reasonably. Here, the Tribunal's direction to deposit only a substantial part of the excise duty and penalty, after assessing the balance-sheet and liquidity position, was upheld. Further extension of time for compliance may be granted only on terms that protect revenue; continued interim protection was made conditional on payment of interest for the period of delay, with that amount treated as non-refundable and not adjustable against the duty liability. Case-Laws Income Tax Wed, 18 Oct 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=22708