2010 (2) TMI 507

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..... uced in July, 2003 for the first time - delay in payment occurred in the period immediately after imposition of the new levy – Held that: - waive the penalties imposed on the appellants - S/25 OF 2009 - 152 OF 2009 - Dated:- 4-2-2010 - DR. CHITTARANJAN SATAPATHY, TECHNICAL MEMBER 1. Heard both sides. Shri Parameswaran, learned advocate appearing for the appellants states that they have pro .....

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..... easonable cause of the appellant's failure to pay the tax during the initial period. I also note that the learned advocate undertakes that no refund will be claimed in respect of penalty of 25 per cent voluntarily paid by them during the proceedings before the original authority. 2. Heard the learned SDR who confirms that the tax and interest amount have been paid by the appellants before the .....

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