9911796707
TMI Blog2018 (3) TMI 1656X X X X Extracts X X X X X X X X Extracts X X X X ..... that:- The appellant has no case on merits as there is an admission on the part of the partner Shri Manoj Patil that they are ineligible credit in the PLA by depositing cheques which were in the knowledge, will be bounced - both the lower authorities were correct in confirming the demand raised along with interest and appropriating the amount as well as imposing equivalent amount of penalty - Appe ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... herwise for the fraud committed by the appellant in the form of availing credit in PLA without the cheques being honoured by the bankers. 6. During the period in question in i.e. July 2009 to February 2010 various instances were noticed; that the appellant had availed credit in his PLA account on the basis of GA 7 challans obtained on depositing certain cheques which were subsequently bounced w ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ure, clearance and excise duty payable. 8. I find that the appellant has no case on merits as there is an admission on the part of the partner Shri Manoj Patil that they are ineligible credit in the PLA by depositing cheques which were in the knowledge, will be bounced. This has been admitted by the Shri Manoj Patil in his statement dated 03/01/2012 and 04/10/2012. With such clear admission the ..... X X X X Extracts X X X X X X X X Extracts X X X X
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