2009 (9) TMI 860

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....s, for the Appellant. Shri Surendra Shah, SDR, for the Respondent. ORDER Heard. The applicant challenges the order dated 22-12-08 passed by the Commissioner at Jalandhar whereby the appellant are required to pay the amount to the tune of Rs. 1,52,59,729/- and interest thereon along with penalty of Rs. 30 lakhs on the ground that though the appellants had chosen to maintain the accounts re....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....f the decision of the Larger Bench in Nicholas Piramel (I) Ltd. v. CCE, Thane-I reported in [2008 (232) E.L.T. 37 (Tri-LB)]. Being so, prima facie, a case has been made out for grant of stay of impugned order. At the same time considering the huge amount involved in the matter and in the interest of Revenue, it is necessary to dispose of the matter expeditiously. Therefore, while disposing of the ....