2015 (10) TMI 1640

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....sh Bindumadhavan, Adv. For the Respondent : Mr R Gurunathan, AR ORDER Per: Archana Wadhwa: After hearing both sides, we find that Commissioner (Appeals) has dismissed the appeal for non-compliance with his stay order directing the applicant to deposit 25% of the confirmed demand of around Rs. 46,00,000/-. 2. Learned advocate has argued on the financial condition as also on the merit....

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....It is well settled law that when during the relevant period, decisions of the Higher Authorities are in favour of the assessees, no malafide can be attributed to the assessee so as to invoke longer period of limitation. Otherwise also when an expert body like the Tribunal is classifying the product under Chapter 50 which is being reversed by the Hon'ble Supreme Court, it only reflects upon the....