9911796707
TMI Blog2014 (3) TMI 837X X X X Extracts X X X X X X X X Extracts X X X X ..... for the appellant to extend the time for pre-deposit. However, in the interest of justice, we extend the time to deposit the amount - Decided partly in favour of assessee. X X X X Extracts X X X X X X X X Extracts X X X X ..... therein are that the assessee is engaged in the manufacture of Woollen Yarn, Woollen Blended Yard, Mohair Yarn, Mohair Polyester Yarn and Knitwears. The record of the assessee was scrutinized for the quarter of April to June, 1994, July to September 1994, October to December 1994 and January to March 1995. Accordingly, two show cause notices dated 28.7.1995 and 3.4.1995 (Annexure A-5 Colly) were ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... sed penalty. Against the order dated 28.2.2013 (Annexure A-11), the appellant filed an appeal before the Tribunal. Stay application was also filed along with the appeal. The Tribunal vide order dated 7.10.2013 (Annexure A-1) directed the appellant to deposit a sum of Rs. 50 lacs as a condition precedent for hearing of the appeal. Hence, the present appeal. 3. Learned counsel for the appellant sub ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rdingly. 7. A prayer was made by the learned counsel for the appellant to extend the time for pre-deposit. However, in the interest of justice, we extend the time to deposit the amount of Rs. 15 lacs upto 15.5.2014. It is directed that if the appellant in the present case deposits the amount of Rs. 15 lacs by 15.5.2014, the appeal shall be heard on merits in terms of order dated 7.10.2013 passed ..... X X X X Extracts X X X X X X X X Extracts X X X X
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