2016 (11) TMI 90

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.... the Appellant : Mr. S.K. Sheoran, D.R. & Mr. Amresh Jain, D.R. Present for the Respondent: Mr. Navneet Panwar, Advocate ORDER Both sides have been heard in detail. 2.  The Revenue is in appeal and has been represented by the ld. A.Rs., Shri. S.K.Shareon and Shri Amresh Jain. They pleaded for enhancement of penalties imposed on the respondent No.1 , Shri Sitaram Agarwal, and No.2 Shri Ra....

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....cause of which their appeals were dismissed and against the said dismissal order these firms are in appeal before Delhi High Court.  The ld. Advocate for the appellants interalia mentions that they were in financial difficulties and they were not in a position to make the above pre-deposits.  He further pleads that their PAN Cards are not fake.  Their incomes have been assessed by i....

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....0.00 Lakhs on Mr. Sita Ram Aggarwal, Proprietor of M/s. G & S International and penalty of Rs. 50.00 Lakhs on Mr.Rajesh Aggarwal who is the Proprietor of M/s. A's Raj International. 5.2  We find that penalties of Rs. 30.00 Lakhs imposed on Mr. Sita Ram Aggarwal against the inadmissible drawback of Rs. 67,56,033/- and penalty of Rs. 50.00 Lakhs imposed on Mr. Rajesh Aggarwal against inadmissi....