2006 (4) TMI 290

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...., for the Respondent. [Order]. - This Stay Application is directed against the imposition of penalty of Rs. 1,00,000/- (One lakh only) on the appellant. Since the issue involved in this case is in a narrow compass, I dispense with the requirement of the pre-deposit of the stay and take up the appeal for disposal with consent of both sides. 2. Considered the submissions made by both s....

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....eals). 3. An argument was taken before the Commissioner (Appeals) that the appeal filed by the Company would also cover the appeal to be filed by the Managing Director of the Company. The Commissioner (Appeals) in his order-in-appeal has held that : "In so far as imposition of penalty of Rs. 1 lakh on Sri R.K. Agarwal under Rule 209A is concerned, I find that the appellant company is a ....