2002 (5) TMI 114

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....eals is identical, I take up the Stay Petitions as well as the appeals together. 2. Nobody has appeared on behalf of the appellants. Accordingly, I have heard Shri A.K. Mondal, ld. JDR for the Revenue and have gone through the impugned orders passed by the authorities below. 3. The challenge in the appeal is only of the imposition of personal penalties of varied amounts imposed u....

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....tax along with interest leviable thereon immediately thereafter. In the circumstances, their contention is that there was no mala fide on part of the appellants and imposition of personal penalties upon them is neither justified nor warranted. 4. On the other hand, I find that the Commissioner (Appeals) has admitted the grant of interim stay by the Hon'ble High Court of Madras but has obs....