2007 (3) TMI 537

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....A. Hore, JDR, for the Respondent. [Order]. -  Ld. Counsel for the appellants submitted that there was no fraud at all committed by the Managing Director nor the Company and for any breach of law made by subordinate staff, they having neither knowledge nor in active involvement of the alleged offence, they should not be deterrently dealt. 2. Ld. DR appearing for the Revenue submi....

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....to be penalized to deter further recurrence of such offence. 3. Heard both sides and perused the record. It appears that the matter was involving fraud to defraud revenue in terms of 17 Challans and extra credit of Rs. 1,90,000/- was availed by the appellant by interpolation of figure in the Challans and making entry of such interpolated figure in PLA. The case against the Company is well ....