2009 (4) TMI 730

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..... for the Respondent. [Order per : Jyoti Balasundaram, Vice-President]. We have heard both sides on the application for waiver of pre-deposit of duty of Rs. 4,68,054/- and penalty of equal amount. Duty has been confirmed on the ground that the above amount was wrongly availed as credit by the assessees as they had also simultaneously claimed the benefit of depreciation under the Income ta .....

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