2015 (4) TMI 656

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..... later. In these circumstances, by the impugned order Tribunal directed it to pay 15% interest for the intervening period. Section 76(4) primarily empowers the Tribunal to make appropriate orders for waiver of either the full or part pre-deposit. Although this power includes the power to make other directions, the present direction to pay interest 15% per annum on belated payment of deposit has ac .....

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..... d payment of interest on the pre-deposit required by the Tribunal through an earlier order. 2. On 07.09.2011, the DVAT had required the appellant to make a payment of ₹ 2.61 crores as pre-condition to the hearing of his appeal. The appellant could not, however, comply with the direction but did so about three years later. In these circumstances, by the impugned order Tribunal directed it .....

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..... ver of either the full or part pre-deposit. Although this power includes the power to make other directions, the present direction to pay interest 15% per annum on belated payment of deposit has acted as a further barrier and caused hardship. 5. In these circumstances, the Tribunal s order is hereby modified. Instead of direction to pay 15% interest for belated payment, the appellant is hereby .....

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