2010 (7) TMI 121

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..... fter hearing both sides on the application for waiver of predeposit of penalty of Rs. 48,252/- under the provisions of Section 78 of the Finance Act, 1994, I find that it is possible to decide the appeal itself at this stage and hence proceed to do so, with the consent of both sides, after granting the prayer for stay. 2. The tax demand is not disputed by the assessees and stands paid. The explan .....

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