2008 (4) TMI 302

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.... Shri S.B. Awate, Consultant, for the Appellant. Shri S.G. Dewalwar, SDR, for the Respondent. [Order]. - These two appeals are directed against order-in-appeal No. P-1/171-172/2000, dated 22-9-2000. Since these two appeals are arising out of common order-in-appeal and the issue being same, they are being disposed by a common order. 2. The relevant facts that arise for consideration are ....

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.... and the money has already been credited to the Government treasury. Hence there is no need for imposition of penalty. Adjudicating authority did not accept contentions and imposed penalties on the appellants. On an appeal, the Commissioner (Appeals) accepted the contentions but reduced the penalties. Hence these appeals. 3. Heard both sides and perused the records. 4. It is the contention o....

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....been imposed on the appellants on the ground that there is a gap of few days between the date of presentation of cheque to their banker and the date of actual realization of the amount by the Revenue. As can be seen that there is no dispute that the cheques presented by the appellants were subsequently encashed by the Revenue and no cheque was dishonoured and accordingly the date of presentation o....