TMI Blog2010 (12) TMI 201X X X X Extracts X X X X X X X X Extracts X X X X ..... imposed is very harsh and while admitting that penalty is imposable, he seeks substantial reduction - appellant got Rs. 1500/- only as consideration for which he forged the signatures of an unknown person - some leniency as regards penalty warranted – Penalty reduced to Rs. 10,000/- - C/545 of 2009 - - - Dated:- 24-12-2010 - Mr. B.S.V. Murthy, J. Represented by : Shri N.K. Oza, Advocate ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... proceedings were initiated and penalty of Rs. 50,000/- has been imposed. 2. Heard both the sides. Learned advocate appearing for the appellant fairly admitted that appellant had forged the signatures and this was not part of his work. He also stated that appellant was only an employee drawing Rs. 4000/- per month and to earn some extra money he was helping out in preparing the documents and he ..... X X X X Extracts X X X X X X X X Extracts X X X X
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