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2014 (1) TMI 570
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....nmohan Singh: Heard both sides. 2. Shri Praveen Sharma, counsel for the party pleaded that Commissioner (Appeals) has imposed 100% of penalty under Section 11AC of the Act though they have already deposited 25% of the penalty i.e.Rs.32,432/- which has been appropriated by the Commissioner (Appeals) against Bank Guarantee executed and balance amount of Rs.82,335/- was deposited vide TR-6 challan ....
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