2024 (3) TMI 1506
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....nt : Mr. Prashant Pandey, Advocate, Mr. Amit Kumar, Advocate. For the Respondent : Mr. Pankaj Pandey, Advocate. ORDER 1. Arguments heard on application for waiver of pre-deposit of penalty. During the arguments Ld. Counsel for the applicant/ appellant submitted that sum of Rs. 3,90,000/- was seized from the residential premises of appellant on 03.04.1994. He also deposited sum of Rs. 5,10....
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....s loans to his family members. 3. Prayer was accordingly made to dismiss the present application for waiver of pre-deposit of penalty amount. 4. After hearing the rival submission, I have considered the same. Seeing the fact that applicant/ appellant already deposited sum of Rs. 5,10,000/- vide draft dated 07.11.2005 and seized amount of Rs. 3,90,000/- is also in custody of respondent (ED) t....


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