2006 (10) TMI 289

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.... Shri C. Lama, JDR, for the Respondent. [Order]. - Shri Pranav Kotecha, Director of the appellant company is present. He submits that the interest amount works out to more than Rs. 36,000/-. Therefore, taking the penalty amount of Rs. 25,000/- and the interest together, the total amount exceeds Rs. 50,000/-. Besides this he also submits that they have given a letter on 1st May, 2006 to dec....

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....p;After hearing both sides and perusal of the record I find that when the Tribunal has exercised his discretion under the above provision and dismissed the appeal as well as stay petition itself at the admission stage, no power has been given to the Tribunal to review its discretion once exercised. Therefore, irrespective of the fact that question of law is involved in the case as submitted by the....