2014 (7) TMI 450

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....) PER : M V Ravindran 1. When this Stay Petition was called, after hearing both sides, we find that the issue involved lies in narrow compass. Hence, after disposing the Stay Petition, we take up the appeal itself for disposal. 2. Heard both sides and perused the records. 3. The first appellate authority has rejected the appeal filed by the appellant on the ground that the appellant ha....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....erits as also on the limitation aspect as claimed by the ld. Chartered Accountant. Be that as it may, we also find that first appellate authority's order of directing pre-deposit of 25% of tax amount and 25% of the penalty seems to be excessive. In our view, the ends of justice will be met of the appellant is directed to deposit Rs. 5 lakhs for hearing and disposing the appeal on merits. Accor....