2013 (1) TMI 746

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..... >Akil Kureshi and Sonia Gokani, JJ. ORDER All these Civil Applications have been filed by the assessee seeking stay of the impugned judgment of the Tribunal. Counsel for the applicant submitted that there was no direct evidence linking the appellants and its office bearers with the action of one Gautam Pal who admitted to have supplied ingots to various persons including the appellants which wer .....

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..... am Pal. 3. At this stage when appeals are admitted and awaiting final disposal, we are not inclined to make any observations so as to prejudice either side in their contentions. Suffice it to notice that the applicants have made out a strong prima facie case. Considering the material on record and findings of the authorities we are of the opinion that insofar as penalty element imposed again .....

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