2006 (12) TMI 419

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..... r the Appellant. None, for the Respondent. [Order]. - Learned D.R. has submitted that the quantum of penalty as prescribed as law, is much less than the penalty that was imposed by the authorities below on the assessee/respondent-company. The minimum penalty as prescribed by law, according to him is Rs. 10,000/- (Rupees ten thousand). 2. None appeared for the respondent-company. Perusal .....

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..... paid by the assessee, and if so, he should not fail to mention that in the Revised Order to be passed by him. However, if he comes to the conclusion that no penalty was imposable on the assessee, mere payment of a token penalty by the assessee does not vest jurisdiction with the Authority to legalise illegality. He should accordingly revise his Order and pass a speaking order in accordance with l .....

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