1998 (1) TMI 187

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.....K. Nayyar, JDR, for the Respondent. [Order per : G.R. Sharma, Member (T)]. - This stay petition for waiver of penalty of Rs. 2 lakhs was argued by Shri Narender Sharma, learned Advocate. After hearing his arguments, it was decided to dispense with pre-deposit of penalty and with the consent of both sides, the appeal itself was heard. 2. The facts of the case leading to the present a....

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.... balance of first page was entered as the balance available to them. He submits that as soon as the mistake was pointed out, they deposited the amount. He submits that it was a clerical error which was immediately made good, the moment it was pointed out. He, therefore, submits that the penalty of Rs. 2 lakhs was too harsh and prays that the same may either be waived or may be reduced drastically.....