2009 (12) TMI 756

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....t. ORDER Ld. Counsel for appellants submits that refund of Rs. 2,22,105/-, Rs. 26,832/- and Rs. 1,47,738/- aggregating to Rs. 3,96,675/- was admissible to appellants and that was directed by learned adjudicating authority in terms of Order dated 11-7-2008 on convincing grounds. The first appellate authority allowed the appeal of Revenue in terms Order dated 26-2-2009 for no good reason. Whil....

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....Rs. 1,47,738/-. He also agrees that a copy of balance sheet is available at page 63 of the appeal record depicting the amount of Rs. 3,96,681/-. But he supports the reasoning of the Commissioner (Appeals) for the order passed. 3. Heard both sides and perused the records. 4. There is no disagreement that the material portion of records has been perused by both sides today to the extent stated....