2016 (6) TMI 621

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....of Rs. 30 lakhs  and waived the balance of the demand and penalties in the impugned order till disposal of the appeal and also directed to report compliance within four weeks. The copy of the order was communicated to appellants on 12-04-2016. 2.  The case came up on 16-05-2016 before us for reporting compliance. The appellants then sought rectification of mistake/modification of stay order by the above application. 3.  The foremost contention put forward by the learned counsel appearing for the appellant is that in the Order-in-Original the demand has been confirmed observing that appellant had handed over 30 apartments to the land owners in all the three ventures undertaken by appellant. That though the Tribunal in pa....

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....ubmitted that the total demand raised is Rs. 64,18,263/-  along with interest and equal amount penalty under Section 78 of Finance Act, 1994 besides penalties imposed under Section 77(1) and (2) of the said Act The appellants have paid only Rs. 3,00,000/- along with interest of Rs. 4,000/- during investigation. He submitted that the Tribunal had taken into consideration all facts  at the stage of hearing of interim stay application and had directed to pre-deposit Rs. 30,00,000/- which is reasonable. That there is no error apparent on the face of record in the Stay Order. 6.  Before analyzing the rival submissions, it would be worthwhile to reproduce the relevant portion of the Stay Order of which the appellant submits that....