2013 (8) TMI 920

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....oms<br>-<br>MOHIT S. SHAH, C.J. & M.S.SANKLECHA, J. Mr.Sujay Kantawala i/b Brijesh Pathak for the appellant JUDGEMENT Heard learned counsel for the appellant. 2. Appeal is admitted on the followin....

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....nalty imposed by the respondent No.2 from &#8377; 3 lakhs to &#8377; 50,000/instead of setting aside the entire penalty imposed on the Appellants, as they did not have any knowledge as regards the loa....