9911796707
TMI Blog2008 (1) TMI 322X X X X Extracts X X X X X X X X Extracts X X X X ..... e also filed Income-tax Returns to show that they are faced with severe financial hardship - appellants is directed to pre-deposit an amount of Rs. 10,00,000 within a period of four months from today - ST/329/2007 - 19/2008 - Dated:- 2-1-2008 - Dr. S. L. Peeran, Member (J) and T. K. Jayaraman, Member (T) V.J. Sankaram for the Appellant. K. Sambi Reddi for the Respondent. ORDER ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... stated that they were holding bona fide belief with regard to the exemption available to them and, therefore, the demands are also barred by time. The appellants have now produced Income-tax Returns to show that the appellant is a very small unit and the total income from business of profession is Rs. 6,71,853 and have no amounts to deposit the balance. Hence, they pray, for waiver of the balance ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... out by them. They have filed Income-tax Returns to show that they are faced with severe financial hardship. Taking into consideration the overall facts and circumstances of the case, we direct the appellants to pre-deposit an amount of Rs. 10,00,000 (Rupees Ten lakhs Only) within a period of four months from today either in one payment or in instalment. On failure to comply with the terms of the s ..... X X X X Extracts X X X X X X X X Extracts X X X X
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