https://www.taxtmi.com/caselaws?id=45496 Undue financial hardship can justify waiver of the pre-deposit required for appeals under the proviso to Section 35-F of the Central Excise and Salt Act, 1944. The court accepted that the petitioner's financial position was unsound, that forcing deposit of the full disputed amount would cause grave hardship, and that the annual report and balance sheet supported the claim of losses. It also held that the presence of a multinational company as a major shareholder was irrelevant because the petitioner had to be treated as an independent legal person. Complete pre-deposit at the first appellate stage was therefore found unjustified, leading to partial relief in some appeals and no interference in others. en-us Wed, 21 Apr 1999 00:00:00 +0530 Mon, 12 Jul 2010 10:57:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=45496 Undue financial hardship can justify waiver of the pre-deposit required for appeals under the proviso to Section 35-F of the Central Excise and Salt Act, 1944. The court accepted that the petitioner's financial position was unsound, that forcing deposit of the full disputed amount would cause grave hardship, and that the annual report and balance sheet supported the claim of losses. It also held that the presence of a multinational company as a major shareholder was irrelevant because the petitioner had to be treated as an independent legal person. Complete pre-deposit at the first appellate stage was therefore found unjustified, leading to partial relief in some appeals and no interference in others. Case-Laws Central Excise Wed, 21 Apr 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=45496