2017 (8) TMI 1029

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....vocates, for the Respondent. ORDER CM No. 11703/2017 (for exemption) : Allowed, subject to all just exceptions. 2. The application stands disposed off. CUSAA 17/2017 & CM No. 11702/2017 3. Issue notice. Mr. Sanjeev Narula, Advocate accepts notice on behalf of the respondent. 4. With the consent of the parties, the appeal is taken up for hearing. 5. The assessee/appellant....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... amount is equivalent to 25% of the penalty levied, too was appropriated from the Bank Guarantee furnished. 7. Having considered the submissions made by the parties, the Court is of the opinion that in the peculiar circumstances of the case, the larger interest of justice would be subserved if the appellants' contentions are accepted. In the other event, the appellant's right to appeal would....