2014 (7) TMI 195

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....s. Ruchi Sindhwani, Additional Standing Counsel (Civil), GNCTD with Ms. Meghna Bharara and Ms. Bandana Shukla, Advocates. ORDER Issue notice. Ms. Ruchi Sindhwani, Advocate accepts notice. The appellant is aggrieved by the impugned order to the extent it requires pre-deposit of 20% of the penalty amount determined in this case.  The assessee/appellant is a dealer and trades in lubr....

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.... that the assessee's omission to reverse the credit proportionately had a logical consequence of the disallowance of such amount and in the circumstance, the penalty was warranted. Arguing that the direction to pre-deposit 20% cannot be questioned as unreasonable, learned counsel stated that the appeal ought to be dismissed. This Court has considered the submissions. As is evident from the prev....