Observations of Delhi High Court regarding first proviso to section 11AC

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....been received by the Board inviting its attention to the Delhi High Court judgment in the case of K.P. Pouches (P) Ltd . In para 27 of the order the High Court has opined that the adjudication authority should explicitly state the option available to the assessee under section 11AC of the Act in its adjudication order. The matter has been examined. The first and second proviso to section 11AC of ....